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

Las Vegas - EchoStar Advanced Technologies has acquired assets of Utah-based Move Networks, a streaming-video startup whose investors included Cisco Systems and Comcast.

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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