09/07/11 23:08:12 KRwd/42E0
Struggling Veoh looks for buyer ? Rumour
URLﾘﾝｸ(digitalmedia.strategyeye.com)
>Veoh has received substantial venture backing from a number of prominent tech investors,
>including a USD30m round last June from Adobe Systems, Time Warner Investments
> and Spark Capital. However, the video site has so far failed to win substantial
> market share from leaders such as YouTube. An ongoing legal battle with
> Universal Music, which sued Veoh for copyright infringement, has also blighted the startup.