AOL Announces Acquisition of Truveo

Jan 13, 2006

Internet video search provider Truveo, Inc. has been acquired by America Online, Inc. AOL's acquisition agreement with Truveo was signed and closed on December 21, 2005. Financial terms were not disclosed. Truveo was previously privately held, and financed by strategic venture and angel investors. Truveo's corporate headquarters will remain in California. Truveo will be integrated with AOL's existing Video and Search teams, led by Kevin Conroy, EVP, Media Networks; and Jim Riesenbach, SVP, AOL Search.