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August 5, 2013 03:14 pm GMT

Amid Speculation That Yahoo Was Sniffing Around, Blinkx Acquires Video Content Syndication And Ad Platform Grab Media

48971v6-max-250x250Amid speculation that online video syndication and advertising platform Grab Media could be on Marissa Mayer's Yahoo acquisition list, AIM-listed Internet Media platform Blinkx has moved to acquire the property in an "all cash transaction" with Grab Network Holdings Inc. Terms of the deal remain undisclosed, though in a statement Binkx CEO S. Brian Mukherjee tellingly calls the acquisition "modest".

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