Buzznet Buys Qloud

Buzznet Inc., a Los Angeles-based social media community focused on music and pop culture, has acquired Washington, DC-based social music company Qloud, according to Mashable. No financial terms were reported.

Buzznet last year raised a $6 million Series B round, and PaidContent reports that it's added another $25 million from investors like Interscope Records. Backers include Redpoint Ventures and Anthem Venture Partners. Qloud had raised capital from Steve Case's Revolution.