Comcast buys BuddyTV
The acquisitions continue.
From PaidContent:
"Seattle-based BuddyTV, a TV community site, is being acquired by Comcast (NSDQ: CMCSA), paidContent.org has learned from sources. BuddyTV took a loan of $250K from the Charles River Ventures’ Quick Start Seed Funding program back in May, before taking a $2.8 million investment from Gemstar-TV Guide this summer.
The site competes with a wide range of TV-related blogs and communities, but co-founder Andy Liu told the Seattle Post-Intelligencer this summer that the site was receiving 3 million uniques per month and that it now has 20 employees. It seems likely that BuddyTV will be used in conjunction with Comcast’s Fancast.com site, as well as Fandango, which it acquired in the earlier this year."
From PaidContent:"Seattle-based BuddyTV, a TV community site, is being acquired by Comcast (NSDQ: CMCSA), paidContent.org has learned from sources. BuddyTV took a loan of $250K from the Charles River Ventures’ Quick Start Seed Funding program back in May, before taking a $2.8 million investment from Gemstar-TV Guide this summer.
The site competes with a wide range of TV-related blogs and communities, but co-founder Andy Liu told the Seattle Post-Intelligencer this summer that the site was receiving 3 million uniques per month and that it now has 20 employees. It seems likely that BuddyTV will be used in conjunction with Comcast’s Fancast.com site, as well as Fandango, which it acquired in the earlier this year."
Labels: BuddyTV, Comcast, Online Video
posted by daniel davenport at 9:03 AM
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