Japanese pump $75m into Ustream
Japanese pump $75m into Ustream
Video website Ustream has announced a substantial new investment as it attempts to expand in Asia and take on rival YouTube. Japanese internet and telecoms giant Softbank announced today that it was buying a $75m (£47m) stake in the Californian dotcom company, as part of its strategy to back what it called “next generation services”. Ustream, which allows users to broadcast their own live TV …
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