Retweet.com Sells for $250,000

10 Mar 2010

Retweet.com, which put itself up for sale last month, has sold for $250,000 in an online auction on Flippa. The auction saw a fair amount of interest with 45 bids in total, but it appears that the winning party came in with a "buy it now" offer for $48,000 more than the current bid to take ownership of the Tweetmeme competitor.

Like Tweetmeme, the site aggregates the most popular links on Twitter, and also provides third-party websites with buttons that lets their visitors easily retweet articles. Although the service isn't as popular as Tweetmeme, it has been able to accumulate respectable traffic, and it's ideal name give it significant branding power. According to the company's listing on Flippa, there is not yet any revenue.

At this point, we don't know who the buyer is, though we heard rumblings last month that a major social news site was interested. We're looking for more information and have contacted the team behind Retweet.com for details

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