Viacom buys Shockwave maker .com

We normally don't print acquisition announcements here (numbers are so boring), but the Wall Street Journal just confirmed a tip we got last hour: Viacom is about to buy Atom Entertainment, owner of game site Shockwave.com and video site AtomFilms.com (which currently displays the headline "New Boobs: Watch Now"), for about $200 million.

If anything, this could be another small indication that Viacom doesn't want to buy everyone's favorite vid site, YouTube, opting for cheaper, older, less Web 2.0-ish competitors.

Viacom to Buy Atom Entertainment [WSJ]