When Evan Williams bought back Odeo in October, it looked like the newly formed Obvious Corp, would keep growing the podcasting site. Since then Obvious’ other property, Twttr, has taken-off, so Williams has decided Odeo would be better off in someone else’s hands.
It seems likely Odeo is worth more to someone else than it is to us at this point, so we’re looking for a new home for it. We’ve been having some conversations with potential buyers, and this is our attempt to put the word out more widely in the most expeditious way (and without involving investment bankers and the like). If we don’t get any attractive offers, we’ll continue to run it.