BitTorrent gets $8.75M from venture-capital firm
Jefferson Graham writes in USA Today:
BitTorrent, developer of one of the most popular software programs for acquiring free video and other large files on the Internet, has raised $8.75 million from a venture-capital firm.
BitTorrent says it will use the funds from DCM-Doll Capital Management to improve its infrastructure and make it more appealing to Hollywood.
The investment comes as file-sharing companies — most of them tiny start-ups — are scrambling to legitimize. In June, the Supreme Court ruled that file-sharing service Grokster and StreamCast Networks, which operates the Morpheus service, could be held liable for their users' actions.
posted by Fergie @ 9/27/2005 03:54:00 PM
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