Australian Telco Telstra Acquires Video Distribution Sartup Ooyala

See the original posting on TechCrunch

ooyala execs Streaming video distribution and monetization platform Ooyala is being acquired Australian telco Telstra, which will invest $270 million to reach a 98 percent ownership stake in the company. This is up from the 23 percent it owned through a previous investment round. According to the press release that just dropped, Ooyala will be operated as a wholly owned subsidiary of the Australian… Read More