Rumor: Buzznet Acquires Qloud

Mashable is reporting that Buzznet has acquired Qloud for a "little over their last round valuation." Qloud launched in November 2007 and is backed by AOL Founder Steve Case. PaidContent reported that Buzznet picked up $25 million in VC funding last week and was looking at potential acquisitions. Could Qloud be the first one?

Qloud provides a music directory and listening application for Facebook, Friendster, Bebo and hi5.

Here's a chart of the Qloud application usage from Developer Analytics: