Microsoft in talks to acquire Ustream.tv for $50 Million

Ustream.tv is said to be in advanced talks with Microsoft to be acquired for $50 million, according to a report from Valleywag. Given it’s very early morning as the post goes live we are unable to put calls in to confirm the deal, but might have more later.Ustream.tv is one of the first wave of […]

Share online:

Ustream.tv is said to be in advanced talks with Microsoft to be acquired for $50 million, according to a report from Valleywag. Given it’s very early morning as the post goes live we are unable to put calls in to confirm the deal, but might have more later.

Ustream.tv is one of the first wave of live streaming service providers that includes companies such as Justin.tv, Blogtv and Mogulus. Ustream.tv has offered a complete package of streaming and post show videos, and has a strong reputation as a reliable provider of live shows and events. The company announced a deal January 29 to stream the Republican convention, and has also featured other events including shows with Republican Presidential candidate Mike Huckabee and Chuck Norris. Ustream.tv is also the home of major league live streamers including Chris Pirillo, and also scored a viral win with Walrus TV.

Source:→ TechCrunch

Microsoft, Ustream.tv, Deal, Bid, Acquisition, Corporate News

About The Author

Deepak Gupta is a IT & Web Consultant. He is the founder and CEO of diTii.com & DIT Technologies, where he’s engaged in providing Technology Consultancy, Design and Development of Desktop, Web and Mobile applications using various tools and softwares. Sign-up for the Email for daily updates. Google+ Profile.