AOL Acquires StudioNow Inc.

Jan 26, 2010


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AOL Inc. has announced the acquisition of StudioNow Inc., an online platform for video creation and distribution. The deal will allow AOL to integrate a video platform into its new content management system (CMS), Seed.com. StudioNow will continue its previous business operations.

The deal, valued at $36.5 million in cash and stock, closed Jan. 22. A portion of the cash will be paid out over multiple years.

(www.aol.com; www.studionow.com)