Deals
IBM Said to Pay $130 Million to Acquire Video Startup Ustream
- Deal will help IBM sell more video services to NFL, HBO
- New video unit to be created, combining IBM's other purchases
Pedestrians walk past International Business Machines Corp. company offices in New York.
Photographer: Craig Warga/BloombergThis article is for subscribers only.
IBM is buying live video stream provider Ustream to help sell more video services to clients including the National Football League, HBO and the Food Network, through its cloud platform.
With the acquisition, International Business Machines Corp. will create a unit that combines Ustream’s services with related technologies including those from previous purchases: multi-device video delivery platform Clearleap, data storage seller Cleversafe and file-transfer software provider Aspera. IBM is spending about $130 million to buy the startup, according to a person with knowledge of the matter, who asked not to be identified because the terms are not public.