Video-sharing site's low asking price helped renew buyout talks with entertainment network LiveUniverse, sources say.
Revver, a video-sharing site that offered to share ad revenue with video creators, is trying to sell itself for a percentage of the money invested in the company.
Video-sharing company splits revenue with video creators pays out $1 million over the past year.
Video-sharing company sees CEO Steven Starr move to chairman. Company best known for paying videographers has seen employee exodus in last six months.
Brad Greenspan, one of the MySpace co-founders, blames his former social-networking site for the setbacks at Revver.
Oliver Luckett, co-founder of video site Revver, talks with CNET's Neha Tiwari at the Digital Hollywood: Building Blocks 2006 conference in San Jose, Calif. Luckett talks about how he stumbled upon the famed Mentos video, the future of Revver, and how money is made in the user-generated content business.