Wired.com is reporting that an acquisition of Seeqpod is expected to take place very soon by a major new media company. This news arrives about one month after the company filed for Chapter 11 bankruptcy. Even though Franks did not reveal who the buyer is, he stated that the company is large enough to persuade major labels to stop suing Seeqpod and embrace it instead. Seeqpod is currently in the final stages of acquisition talk. The company scours the Internet to find MP3s being hosted and streams it to the public. Once the acquisition takes place, the company will use Seeqpod’s technology to find videos made of Flash and other file types.