Blinkx Acquires Grab Media

Aug 06, 2013

blinkx, an internet media platform powered by CORE that connects consumers with advertisers through professionally generated content online, entered into an all cash transaction with Grab Network Holdings, Inc., related to its Grab Media property.

Grab Media is an online video content syndication and advertising platform. The assets acquired by blinkx in the transaction will enable the company to add incremental audience and augment its relationships with advertisers, publishers, and content providers.

While the transaction is not expected to have a material impact on the revenue or cost base in the near term, it should enable blinkx to accelerate the growth of its recently launched syndication efforts, including blinkx VideoAdvantage.