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Microsoft wants to buy

by on12 February 2008


$50 million deal rumored
is likely to be bought by Microsoft, according to Valleywag. Apparently, the company is in advanced discussions with Microsoft to acquire the lifecasting service for more than $50 million.

Microsoft is facing competition from other companies. But since Ustream is currently raising a very large initial round of VC financing, Microsoft has been helping them grab cheap pre-funding, which suggests it has a foot in the door.

Microsoft would use Ustream as a way to promote its Adobe Flash competitor, Silverlight.

More here.

Last modified on 13 February 2008
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