After acquiring both Idolator and Stereogum earlier this year, Buzznet, the social-media site partially owned by Universal Music Group has also now officially picked up one of my favorite music sites, and possibly the biggest misnomer in the history of the internet, Absolutepunk.net. From AP.net founder and ringleader Jason Tate’s blog:

I sat down with a variety of people to figure out the best course of action. Family members, business associates, fans, staff, friends, advisers – the works. I weighed all of my options … and after having met with everyone at the Buzznet offices … I knew I had found a match. From the board of the directors, to the CEO, to the secretary – I found a group that had similar visions as I did for the internet and for the music industry as a whole. I found a group that believed in me. They accepted the over-confident goofy kid in jeans, flip-flops, and a potty mouth. They listened to my goals, my dreams, my thoughts – and showed me how I could achieve them. Not only to continue to grow AP.net as I see fit (creative control, vision, voice, etc.) – but also to expand and work in other facets of the internet as my other ideas and creativity bursts forth. So, after weeks of soul searching – I realized it was time to shit or get off the pot. I decided to move forward with what may end up being one of the biggest decisions of my life. I decided to push the website into a direction where we have the potential to be massive. Where we have the potential to bring our unique content and voice to anyone who wants access to it.

Baller status.

Buzznet, the pop-culture based social media site partially owned by Universal Music, is currently winning at the internet, acquiring two of the internet’s most popular music websites, Idolator and Stereogum over the past couple of months:

Buzznet says its mission is to  have the web’s largest music community as well as the most robust.  Idolator will continue to maintain its own editorial direction under founding editor Maura Johnston.
Scott Boyd, Buzznet’s general manager, says “This deal also perfectly complements our recent acquisition of Stereogum, the web’s most popular music blog, and will provide Idolator with more resources, enabling Maura to continue building upon the blog’s great success.”
Nick Denton, founder and publisher of Gawker Media said, Buzznet is the “natural acquirer, and will be able to make more of Idolator than we could.”

Wank. IMO Buzznet is on some day late, dollar short kind of shit(even though their last round of funding was to the tune of $25 million) but then again, what do I know?