Tuesday, November 24, 2009

Joost Is Now Officially Dead

Wow, that happened fast. It wasn't too long ago that Joost was the new media darling.

Joost Is Now Officially Dead – Assets Acquired By Adconion Media Group
Adconion Media Group announced this morning that it has acquired certain key assets from Joost, the ill-fated online video service started by the infamous Kazaa and Skype founders Niklas Zennström and Janus Friis. The terms of the transaction were not disclosed, but it’s likely a firesale that isn’t bringing any returns to Joost’s investors.

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