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Video Search Firm Blinkx Acquires Burst Media for $30 Million

     
1:32 pm on Apr 8, 2011 (gmt 0)

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Video Search Firm Blinkx Acquires Burst Media for $30 Million [uk.reuters.com]
Online video search firm Blinkx is to acquire the online ad company Burst Media for $30 million to help it build personalized online TV channels which would be hugely appealing to advertisers.

Blinkx said the deal would give it access to Burst's audience of over 130 million unique users, as it also announced a trading update predicting a rise in full-year revenue of over $65 million, up around 90 percent on last year.