San Diego – Veoh Networks, an online video service that
raised $67.5 million in venture capital financing, has sold off its remaining
assets to Los Angeles-based 2Peer Ltd., VentureWire reported.
Financial terms
of the deal were not disclosed.
Founded in 2004, San Diego-based Veoh was
originally launched as a user-generated video site, but later focused on
licensing professionally produced content.
The company laid off all of its
remaining employees in February, when it said it would file for Ch. 7
bankruptcy protections.
Related Links:
http://www.venturewire.com
http://snipurl.com/vb3ve
(DMW previous coverage)
