Internet start-up Qlipso has bought the assets of online video sharing service Veoh Networks, allowing it to expand its real-time media sharing platform to millions of new viewers.

Qlipso, backed by Jerusalem Venture Partners (JVP), an Israeli-based venture capital fund, said it had purchased “substantially all of the assets of Veoh” in March. Terms of the deal were not disclosed. Investors had pumped $70 million into Veoh, which was formally launched in 2005.

Veoh competes with YouTube in allowing Internet users to broadcast video content. The company said its audience has grown to 28 million users per month, but in February announced plans to file for bankruptcy protection.

Other posts by :

1. Safran Space links laser direct to satellite
2. SpaceX fearful of AST SpaceMobile’s potential?
3. Equatys wants 2,800 new satellites
4. FCC eyes freeing up Weird Space Stuff spectrum
5. SES happy with releasing 160MHz of spectrum for 5G
6. Inmarsat “likely to win appeal” over Ligado/AST action
7. FCC seeks fair play over foreign satellite access
8. Bank raises RocketLab target price
9. Paramount throws kitchen sink

Categories: Articles