Veoh Sells Assets To 2Peer Ltd.
Video streaming service Veoh Networks has reportedly sold the rest of their assets to 2Peer Ltd. In the company’s total lifespan, they raised about $67.5 million in venture capital. The financial details of the transaction are unknown.
Veoh started in 2004 and was based in San Diego. The company started by hosting user generated video content, but eventually transformed into a video licensing service. This past February, the company laid off all employees and went Chapter 7 bankrupt. [DMWMedia]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry