Blinkx Acquiring Burst Media For $30 Million

Blinkx is a video search engine company that is acquiring Burst Media for $30 million in stock and cash. Burst’s co-founders Jarvis Coffin and David Stein will stay on board at the combined company to help with the transition. Burst provides online video ad solution companies to web publishers. Burst made around $37.7 million in revenue last year. This is up from $31.4 million in 2009. [CNET]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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