New York
– Online video service Vudu is in "meaningful" acquisition talks,
sources told All Things D, and Wal-Mart (NYSE: WMT) is believed to be the "likely
buyer." Founded in 2004, Santa Clara, Calif.-based Vudu offers a Web-based
movie and TV episode distribution service, which can connect directly with
televisions via set-tops and other devices.
The company’s service uses
peer-to-peer technology to help distribute large video files.
Vudu has raised a
total of $21 million in funding to date, from backers including Benchmark
Capital and Greylock Partners.
All Things D noted that Wal-Mart already
suffered a failed attempt to launch its own media download service in 2007.
Vudu declined to comment on the story for All Things D, while Wal-Mart hadn’t responded by press time.
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(All Things D)
