UK VoD service SeeSaw appears to have closed for good, following an initial planned closure in June.

The company’s website simply says: “Thanks for your support but SeeSaw is no longer available.” Broadcast transmission infrastructure specialist Arqiva, which acquired the aborted Project Kangaroo from it founding partners BBC, ITV, Channel 4 and Channel 5, put SeeSaw up for sale in January 2011.

In the absence of a buyer, it announced the June closure, but a last-minute deal saw a consortium of banks, venture capitalists and private equity firms take a 75 per cent stake in the operation. It seems the committed funding has failed to materialise, forcing Arqiva to announce the closure.

Other posts by :

1. Italy joins Germany in IRIS2 alternate thoughts
2. Kazakhstan to create museum at Yuri Gagarin launch site
3. AST SpaceMobile gets $42 or $1500 price target
4. Analyst: GEO bloodbath taking place
5. SES AGM results: Appaloosa still objecting
6. SpaceX’s Shotwell worth $1.2bn
7. SpinLaunch’s revolutionary plan for 280 satellites
8. Consolidation impacts satellite sector
9. Project Kuiper plans first satellite launch

Categories: Articles, Business, Catch Up, Funding, Joint Venture, M&A, Premium, VOD