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 Send to email | Web TV Firm Kasenna Sells Out; Investors Take Bath in General |  By Silicon
el 03-Jul-2008 |
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 Here's a little deal -- and we mean little -- that we missed from earlier this week. Silicon Valley web video company Kasenna, which raised $90 million since 2000, was acquired by a rival, Ottowa-based Espial Group, for -- wait for it -- $6.5 million. According to Espial, the combined company will have more than 100 customers for its software, which is deployed to 2.4 million IPTV subscribers.
The venture firms burned in the deal? Intel Capital, U.S. Venture Partners, Silicon Graphics, Alloy Ventures, Cypress Ventures and The Entrepreneurs' Fund, among others.
Kasenna is a technology play, unlike the consumer video sites that have been soaking up funding for the past few years, but we have to think that Kasenna's fate awaits many of the well-funded video sites attempting to gain market share against YouTube.
See Also:
VC Dollars Still Pouring Into Startups
Another "Chinese YouTube" Raises Monster Cash
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| Glam Media Buys UK Ad Firm Monetise | | Glam Media, the ad network/publishing network focused on women, is acquiring UK marketing firm Monetise. Founded three years ago, Monetise sells ads for UK entertainment sites Flixster, ARTISTDirect and [..] Read complete article | | Published 17-Jun-2008 by Silicon in General
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 | Kotaku`s The Gamers Guide |  Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Should Talent Get Their Names On Boxes? [Spore] | | Steven Spielberg's name sells movies, it probably sells games too. That explains why his name appeared so prominently on the cover of Boom Blox, but what about less mainstream A-listers? Stephen Totilo of MTV Multiplayer sat down with EA CEO John Riccitiello to ta [..] Read complete article | | Published 12-Aug-2008 by Brian Crecente in Spore Ea Electronic Arts john riccitiello Will Wright
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| Akamai (AKAM) Analysts Pile On 'Buy' Ratings | | Akamai (AKAM) investors are finally getting a breather: Shares of the Internet content distribution firm are up 7% this morning -- trading around $30.25 -- after Piper Jaffray upgraded the stock to "buy" and Citigroup reissued its "buy [..] Read complete article | | Published 01-Apr-2008 by Silicon in AKAMGOOGLLNW
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| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
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| Facebook App-maker Loomia Raises $5M Series A | | Social applications maker Loomia raised a $5 million series A round led by VC firm Asset Management Company and joined by strategic investors NBC Peacock Ventures and Telefonica. Loomia's main product is a Facebook app called SeenThis?, which [..] Read complete article | | Published 02-Apr-2008 by Silicon in General
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| Joystiq | Blogger | Covers video game news from an independent, unbiased perspective
Joystiq Joystiq |
| TNS Rejects WPP Offer; Nielsen Next? | | TNS rejected a $1.87 billion offer from global ad conglomerate WPP over the weekend, setting up what looks like a bidding war for the London-based research firm. The WSJ reported that TNS is in talks with German research firm GfK; Mediapost is convinced The Nielsen Company will make a run at the firm.
TNS is relatively small in the U.S. but has big ambitions. It's making a run at Nielsen [..] Read complete article | | Published 05-May-2008 by Silicon in DTV
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| Market Research Firm TNS Rejects Fifth Bid From WPP | | London-based market research firm TNS rejected a fifth bid from ad conglomerate WPP, and in a weird twist, said it had also terminated a planned merger with German research firm GfK, the WSJ reports. WPP's latest bid for TNS -- this one hostile -- was a cash-and-stock deal worth $2.13 billion.
But TNS said WPP's latest bid, like the others before it, "substantially undervalues" the compa [..] Read complete article | | Published 09-Jul-2008 by Silicon in General
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