Adconion.com Buys Out Joost

Joost is the video streaming web startup created by the founders of Skype Niklas Zennström and Janus Friis. A majority of Joost will be sold to Adconion.com. Adconion.com is an advertising and digital media company.

Adconion will own the Joost trademarks, Joost.com, and the technology that Joost used for video. Joost will continue to operate in some form but it is unknown where they are headed next. Joost had about $45 million in funding.

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