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Telstra invests USD 270 mln, increases Ooyala stake to 98%
2014-08-12 08:16:00| Telecompaper Headlines
(Telecompaper) Telstra has agreed to acquire US-based video streaming and analytics provider Ooyala. Telstra will invest around USD 270 million to increase its ownership in Ooyala from 23 percent (fully diluted) to 98 percent. This amount adds to the USD 61 million previously invested in Ooyala over the past two years. The transaction is subject to customary closing conditions, including the receipt of US regulatory approvals, and is expected to be completed in the next 60 days.
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Category:Telecommunications