blinkx to acquire Burst
April 8, 2011
The Boards of blinkx, the world’s largest video search engine, and Burst Media Corporation, the online advertising services and technology business, have entered into a definitive agreement pursuant to which blinkx will acquire the entire common stock of Burst for an aggregate consideration of $30 million.
The combination of the two companies will bring blinkx’s 35 million hours of online video and TV to Burst’s audience of over 130 million unique users. blinkx will create contextually relevant video channels for Burst’s network of publishers, thereby aggregating an online video audience for advertisers across long tail Internet sites, which will rival the scale of television networks.
Burst’s network of publishing partners reaches over 61 per cent of the US online population. It ranks as the 36th largest US media property and the 30th largest UK media property on the Internet.
Other posts by :
- SpaceX fearful of AST SpaceMobile’s potential?
- Equatys wants 2,800 new satellites
- FCC eyes freeing up Weird Space Stuff spectrum
- SES happy with releasing 160MHz of spectrum for 5G
- Inmarsat “likely to win appeal” over Ligado/AST action
- FCC seeks fair play over foreign satellite access
- Bank raises RocketLab target price
- Ukraine wants its own LEO system