Re/Code has obtained the pro forma “we have to consider all offers” response from RadiumOne and a statement from Chahal that confirms the offer. He noted that Gravity4 has the capital, vision and leadership to lead RadiumOne.
Chahal has been vocal in his opinion that RadiumOne should be sold rather than pursue a planned IPO.
Who knows? Given the buying frenzy among big software companies trying to cash in on the marketing and advertising craze, it makes sense that [company]Oracle[/company] or [company]Adobe Systems[/company] might also be in the hunt for RadiumOne which has about $33.5 million in venture investment.