NewsMarket to Buy Medialink
The NewsMarket, a New York-based video platform for distribution to news organizations, has agreed to acquire Medialink Worldwide Inc. (Nasdaq: MDLK). The deal is valued at $1.28 million, or $0.20 per Medialink share. The NewsMarket has raised over $17 million in VC funding, from firms like Ascend Ventures, Atlantic Coastal Ventures, Apax Partners, Boldcap Ventures, CEI Ventures, Hearst Corp., High Peaks Venture Partners, NYCIC, Softbank Capital Partners and Village Ventures.
2 July 2009•3 mins read
