Los Angeles-based social video start-up Qlipso has bought the assets of San Diego-based video sharing site Veoh, according to a report from Socaltech.com. Veoh’s web site already reflects the change of ownership, stating: “Now part of qlipso, so you can share the fun!” Details of the transaction have not been revealed, and Qlipso didn’t return a request for comment.
Veoh filed for bankruptcy in February. The site competed with YouTube early on and raised more than $70 million in funding, but suffered from a number of strategic missteps along the way, including the focus on a desktop player and exorbitant spending of up to $4 million per month on staff and infrastructure. A copyright infringement lawsuit brought against it by the Universal Music Group didn’t really help to turn things around, either.
Qlipso offers users the ability to combine web videos and other media assets to playlists, personalize these playlists with 3-D avatars and share them in a live web chat. The company has apparently gone through a number of iterations and was previously also know as Icontaqt, 2Peer and Playr. It is backed by Jerusalem Venture Partners and led by CEO Jon Goldman, who previously co-founded the video game developer Foundation 9 Entertainment.
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