Is LiveUniverse Buying Revver?

A credible source says LiveUniverse is buying the video sharing site Revver in a stock swap. The deal will be announced next week.

Los Angeles-based LiveUniverse is run by MySpace founder Brad Greenspan. Though its flagship site is the somewhat obscure LiveVideo, the company would add Revver to its network of video sites. LiveUniverse isn't exactly forthcoming about what the other in the network are, but screen shot of the video site Glumbert appears on the company page. And, Greenspan mentioned taking a 30 percent stake in LiveLeak in his blog. LiveUniverse also bought video search site Flurl in October 2006.