Ustream.tv negotiating $50 million sale to Microsoft
Lifestreaming is all the rage and Valleywag is reporting that one of the big players in the space is the target of a pretty hefty purchase offer.
Sources tell Valleywag that lifecasting startup Ustream.tv is in advanced discussions with Microsoft to acquire the lifecasting service for more than $50 million, but there are other companies in the bidding as well. Ustream is currently raising a very large initial round of VC financing, and Microsoft is attempting to grab them prefunding for a cheap price. Our tipster also mentions that Microsoft would use Ustream as a way to promote its Adobe Flash competitor, Silverlight.
Source: valleywag.com via mtippett
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