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