Meebo Goes For Fundraising Instead Of Sale

Rumors said that at one point they looked for a valuation of $250 Million but could not find a buyer and therefore, web chat startup Meebo has gone in for another round of funding, says TechCrunch's Michael Arrington. Meebo seems to have revenues of only about one million and that has been a factor in failing to find a suitor. (read full story at: techcrunch.com)