Latest Business News: Amid Speculation That Yahoo was Sniffing Around, Blinkx Acquires Video Content Syndication and Ad Platform Grab Media

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Latest Business News: Amid Speculation That Yahoo was Sniffing Around, Blinkx Acquires Video Content Syndication and Ad Platform Grab Media

Latest Business News: Amid Speculation That Yahoo was Sniffing Around, Blinkx Acquires Video Content Syndication and Ad Platform Grab Media
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Latest Business News: Amid Speculation That Yahoo was Sniffing Around, Blinkx Acquires Video Content Syndication and Ad Platform Grab Media

by Wochit 0:53 mins

Amid speculation that online video syndication and advertising platform Grab Media could be on Marissa Mayer's Yahoo acquisition list, internet media platform Blinkx has moved to acquire Grab Network Holdings in an "all cash transaction." Terms of the deal remain undisclosed, though in a statement Blinkx CEO S. Brian Mukherjee tellingly calls the acquisition "modest." Stock index futures were flat as investors looked for new reasons to buy following a rally that repeatedly took major indexes to record levels. U.S. stock futures signaled a flat open on Wall Street ahead of the ISM nonmanufacturing report and a week with key Federal Reserve speeches on tap.

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