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Rumor Mill Swirls: Google-Brightcove Tie-Up

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Well, this is just about the most lightly sourced thing we would ever post on, but according to a Tweet by Mark Glaser at PBS’ MediaShift, Google (s GOOG) *could* be in talks to acquire Brightcove for $500 to $700 million. We’re looking into it.

Brightcove’s official comment: “Brightcove doesn’t comment on rumors.”

Cambridge, Mass.-based Brightcove is the brand name in the video platform business. It has raised $90 million in funding from investors including Accel Partners, General Catalyst Partners, AOL, Allen & Company, Maverick Capital, Brookside Capital, AllianceBernstein, The New York Times Company, Transcosmos, Dentsu, J-Stream and Cyber Communications. It says it is profitable.

Dan Rayburn is already doing good deal analysis here. Update: But now he’s reporting, also with an unnamed source, that a deal isn’t happening. Update 2: Our sources are saying the same thing — that it’s just a rumor.