Telstra Buys Ooyala For $270M
Mountain View-based video streaming and analytics firm Ooyala is being acquired by Australian telecommunications firm Telstra, in a $270M deal. Telstra--which already owned 23 percent of Ooyala--said it will make Ooyala a subsidiary of Telstra, operating as an independent business and brand. Ooyala's other investors include CID Group, ITOCHU Corp., Motorola, Rembrandt Venture Partners, and Sierra Ventures.
posted on Wednesday, August 13, 2014
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Telstra
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