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Buzznet Keeps Building

Buzznet Inc., a Los Angeles-based social media community focused on music and pop culture, has acquired music blog Idolator from Gawker Media. No financial terms were disclosed. Buzzznet also recently acquired music blog Stereogum and social media company Qloud. It also reportedly raised $25 million in new VC funding from Interscope Records, Redpoint Ventures and Anthem Venture Partners.