Viggle Inc. (Nasdaq: VGGL) founder Robert Sillerman wants to buy a minority stake in the company's Wetpaint business for $10 million.

The proposal comes after media mogul Sillerman offered to take another one of his companies, SFX Entertainment Inc. (Nasdaq: SFXE) private in late February for $4.75 per share. (On March 20 the company's shares opened at $4.19.) He is the CEO of both SFX and Viggle.

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