 By Silicon
el 09-May-2008 |
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 Shares of video search engine Blinkx are up 50%, fueled by rumors that News Corp. (NWS) or Google (GOOG) or... someone... will buy the London-based company. The market cap of the company, which is traded on Britain's AIM market, is now hovering around the $200 million range.
Blinkx is a weird amalgam of tech and features: We and many others think the company has devised a nifty search technology, but aren't convinced that its most recent move, to create a Joost-like video streaming service, makes a whole of sense.
UPDATE: Blinkx released a statement saying it is "not aware of any external bids or bid-related reason for the [stock] movement."
See Also: Video Search Engine Blinkx Launches TV Service
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