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Tuesday, January 11, 2011

(Updated) It's Official: Tata Communications Acquires BitGravity

Dan Rayburn | Tuesday January 11, 2011 | 09:27 AM | Comments (1)

Tata Communications announced this morning that it has agreed to acquire privately held content delivery network BitGravity. As I reported last week, the two sides has been working on a deal for some time and while terms of the deal were not announced, I will get some details on the numbers and update this post shortly. Once the deal is complete, BitGravity will operate as a wholly-owned subsidiary of Tata Communications. You can learn more about Tata's CDN business here.

Updated: I've spoken with a few folks and estimate the size of the deal to be around $35M.

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Has been in the wind for a while, I know people involved with the Tata side of things, they want to push into the digital/video communication business, think they might have overpaid for this deal, lets see. Be interesting to see how Bitgravity evolves

Posted by: VideoCustomizer | Wednesday, January 19, 2011 at 12:38 PM

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Daily posts by Dan Rayburn about the online video industry, business trends & analysis, market data & research as well as the online video business models in the media & entertainment, broadcast, advertising & enterprise industries.

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