CES: EchoStar Acquires Move Networks Assets
Investors in streaming-video startup included Cisco, Comcast
By Todd Spangler -- Multichannel News -- Broadcasting & Cable, 1/6/2011 7:29:25 PM
Financial terms of the deal were not disclosed. About 25 employees of Move Networks will be joining EchoStar. They will remain based in American Fork, Utah.
Move Networks had raised about $70 million from investors including Steamboat Ventures, Hummer Winblad Venture Partners, Benchmark Capital, Microsoft, Cisco Systems, Comcast and Televisa.
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