online video

Tim Bradshaw

Who would buy a struggling video website, bogged down by lawsuits, when YouTube, Hulu and the BBC iPlayer seem to have the market sewn up?

Qlipso would, apparently, for the Israeli site has bought Veoh‘s assets after the latter filed for bankruptcy in February. One person with knowledge of the deal put the price at less than $20m – well south of the $70m investors including Goldman Sachs, Spark Capital and Intel Capital had pumped into Veoh. Read more