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/Bloomberg

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.

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