Report: Veoh Networks Sells Remaining Assets

Veoh Networks, an online video-sharing company that laid off its workforce in February, has sold its remaining assets to 2Peer Ltd., according to VentureWire. No financial terms were disclosed. Veoh had raised around $67.5 million in VC funding, including a $30 million Series D round in June 2008. Backers included Shelter Capital Partners, Spark Capital, Goldman Sachs, Adobe Systems Intel Capital and Time Warner Investments. Veoh had been seeking new funding, but was unable to get it.

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