VitalStream, a streaming media solutions and content delivery network, has acquired the business of PlayStream, a provider of small business streaming media services, headquartered in Seattle…
The joint company plans to offer an affordable, self-service platform perfectly suited for small and medium-size businesses (SMB), small and home office (SOHO) customers and resellers. During 2004, PlayStream generated positive net income from approximately $1.6 million in revenue…
The deal is valued at $500,000 in cash, 3.75 million shares of VitalStream and 200,000 warrants to purchase common stock at an exercise price of $1.35.
The VC/M&A channel is sponsored by DeSilva & Phillips
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post