The assets of Veoh, a former YouTube competitor, have been acquired by media-sharing company Qlipso, VentureBeat is reporting.
"Veoh is now part of Qlipso, the revolutionary social content sharing company," Veoh's "About" page reads. "Over the coming months, users and business partners will start to see more and more social features coming to one of the world's top video sites--Veoh."
Veoh executives will work at Qlipso as part of the deal, according to VentureBeat. Qlipso is backed by Jerusalem Venture Partners. CEO Jon Goldman told VentureBeat that the company views the purchase as a way to speed up building an audience. Terms of the deal were not disclosed. Neither company has responded to a request for comment.
http://news.cnet.com/8301-13506_3-20001960-17.html
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