Australian Telco Telstra Acquires Ooyala For $270 Million

By Ryan Lawler

ooyala execs

Streaming video distribution and monetization platform Ooyala is being acquired by an Australian telco in a deal worth $270 million. The money will give Telstra a 98 percent ownership stake in the company, which is up from the 23 percent it owned through a previous investment round. Read More

Source: Technology