Financial terms of the acquisition were not disclosed, but sources tell us this was an all-stock deal and no cash is changing hands in the transaction. → Read More
Adconion Media Group, the online advertising and content syndication network, today has secured nearly £21 million in financing from Silicon Valley Bank, which provides loans to UK- and European-based technology companies at various stages of their development.
The newly secured funds will be used to support both acquisition and “working capital requirements” to continue growing the… → Read More
Video distribution and monetization platform provider Joost, owned by Adconion Media Group since its assets were acquired in November 2009, is today announcing a global sales and technology partnership with online publishing powerhouse Demand Media.
Under the terms of the exclusive agreement, Demand Media will leverage Adconion’s video ad serving platform to deliver all premium video campaigns… → Read More
The Joost network, which is now operated by Adconion after the company’s acquisition of the ill-fated European startup’s assets back in November 2009, claims a reach of 67 million unique viewers on a monthly basis. → Read More
Joost, the failed video venture started by Skype founders Janus Friis and Niklas Zennström, was put out of its misery in November 2009 when Adconion Media Group decided to pick up the remains of the company for an undisclosed sum.
Adconion Media Group announced this morning that it has acquired certain key assets from Joost, the ill-fated online video service started by the infamous Kazaa and Skype founders Niklas Zennström and Janus Friis. The terms of the transaction were not disclosed, but it’s likely a firesale that isn’t bringing any returns to Joost’s investors.