Online video platform blinkx has entered into an agreement to acquire Rhythm NewMedia, a mobile video advertising technology platform focused exclusively on smartphones and tablets, for a total consideration of $65 million.

Rhythm operates a mobile equivalent of the blinkx ecosystem and enables the company to extend its reach across platforms. Blinkx anticipates that the acquisition will accelerate the growth of its mobile video advertising business, the fastest growing segment within online advertising.

Other posts by :

1. EchoStar booms on SpaceX holding
2. Norway wants a satellite constellation
3. Crossroads backs AST SpaceMobile
4. FCC examines SpaceX’s 15,000 sat-constellation plan
5. EchoStar: “Severe uncertainty” led to spectrum sales
6. Netflix gets downgrade on Warner Bros move
7. UK trims Orbex investment
8. Euro-bank sets up €500m space fund
9. Revenue jump forecast for Eutelsat

Categories: Advertising, Articles, Business, M&A, Mobile