San Francisco – Blinkx, the operator of a searchable index
of Web video, plans to raise $31.2 million through a private placement of its
shares, Reuters reported.
Majority shareholder Autonomy will be among the
buyers of the shares, which are equivalent to 7.5% of the company.
San
Francisco-based Blinkx said in a statement that the deal will "further strengthen
Blinkx’s balance sheet and provide additional funding to support Blinkx’s
growth strategy."
Related Links:
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(Reuters)
