Remaining Assets of SeeqPod To Be Acquired By Social Charity Site Bloson
April 23, 2010 at 13:55 PM EDT
The story of music search engine SeeqPod may be finally nearing an end. It appears the remaining assets of the troubled startup have been purchased by Bloson, a recently launched social network to raise money for charitable causes. Bloson has specifically acquired SeeqPod's domain and the contact information of its user base, which equals around 4 million users. Specific terms of the transaction have not been disclosed and the sale is still pending with the bankruptcy court in San Jose, Calif. Seeqpod has had a tumultuous history over the past year. In February SeeqPod was slapped by lawsuits from EMI and Warner Music, as the record companies looked for billions of dollars in damages. In March, Seeqpod filed for bankruptcy protection and put itself up for sale. Last June, we wrote that the company was looking to sell off its domain name, with reports that it would be acquired by Microsoft (which didn't happen). Last December, we heard that the technology assets of SeeqPod, which are owned by Lawrence Berkeley National Labs, were being sold to a "large Japanese media company" and the founders of the startup were building another company: the Mikojo music search engine.