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.
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