Jun. 9, 2008
Online Video Shakeout Continues: JumpTV and NeuLion Merge
The consolidation and shakeout of the online video sector continues: Canada-headquartered ethnic and sports online video service JumpTV is merging with NeuLion, a Plainview, NY-based start-up that sells a new online to TV streaming-video technology. The 50/50 deal will include Toronto-traded JumpTV (TSE: JTV) issue about 50 million shares (worth around $40 million) to NeuLion as part of the transaction, which is expected to close by October, reports Variety.
By Rafat Ali
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