Cisco to Invest in Home Video Firm Akimbo
Matt Marshall writes in The Mercury News:
Today, Cisco will announce it is leading a $15.5 million investment into Akimbo, a San Mateo start-up that delivers video to your home TV via a set-top box. Akimbo has spent the past two years cutting deals with Hollywood and other video content providers to boost its library.More here.
Cisco, a company valued at $120 billion and known mostly for its acquisitions of large companies, is looking increasingly to invest in younger companies such as Akimbo in order to speed up the Internet video revolution. Like Intel, which has invested in scores of chip companies, Cisco has spread its bets in video -- also investing in CinemaNow and MovieBeam.
posted by Fergie @ 6/26/2006 07:54:00 AM
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