AOL buys Sphere.com for $25M

According to this blog post over at sphere.com AOL had quietly started using “Sphere it” icon’s in their News, Sports, and Entertainment articles on 04/01/08.  Well today Time Warner Inc. has announced AOL’s acquisition of Sphere Source Inc.  According to the press release Sphere was founded in 2005, although Tech Crunch says their site didn’t launch until May 2006(with $3.75 million venture financing).  This pretty much says that AOL is not sitting around twiddling their thumbs while Yahoo contemplates merging with them.  Sphere.com on the other hand had a nice run up starting with $3.75M initial investments and selling for $25M not even 2 years after launch.  What a nice ROI!