Monday, December 22, 2008
Veoh In International Partnership
Los Angeles- and San Diego-based Veoh Networks, a provider of Internet video sharing services, said today that it has entered into a partnership with Axel Springer Digital TV Guide GmbH. According to Veoh, Axel Springer is in a strategic international partnership with the firjm, specifically in Germany. The deal includes both Axel Springer Media Impact, an advertising sales division of Axel Springer, as well as links to Axel Springer's electronic program guides and a service called "My Personal TV DIGITAL." Veoh is venture backed by Shelter Capital Partners, Spark Capital, Tornante Company, Goldman Sachs, Time Warner Inc., Intel Capital, and Adobe Systems Incorporated.