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November 23, 2011 06:48 pm GMT
Yesterday morning, we reported that Microsoft had acquired Israeli video startup, VideoSurf, for approximately $70 million. The deal indeed has been greenlighted, as Microsoft confirmed in its blog post yesterday. However, at the time, the price of the acquisition was unclear; several sources (who wished to remain anonymous) pegged the number at $70 million. But, today we've heard from an investor that the actual price of the acquisition was actually just under $100 million -- in cash. Sure, it's not quite the $8.5 billion Microsoft paid for popular voice and video-over-IP service, Skype, but for a relatively young startup, this is a big win.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/hPhReJAD96A/
With Its $100M Acquisition Of VideoSurf, Microsofts Video Search Now Has Big Potential
Yesterday morning, we reported that Microsoft had acquired Israeli video startup, VideoSurf, for approximately $70 million. The deal indeed has been greenlighted, as Microsoft confirmed in its blog post yesterday. However, at the time, the price of the acquisition was unclear; several sources (who wished to remain anonymous) pegged the number at $70 million. But, today we've heard from an investor that the actual price of the acquisition was actually just under $100 million -- in cash. Sure, it's not quite the $8.5 billion Microsoft paid for popular voice and video-over-IP service, Skype, but for a relatively young startup, this is a big win.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/hPhReJAD96A/
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