Feeds

Inktomi buys into live broadcasting

Gets Fastforward for $1.29bn

  • alert
  • submit to reddit

High performance access to file storage

US Internet giant Inktomi Corp has agreed to buy online broadcast software developer FastForward Networks for $1.29 billion.

The deal will let Inktomi add live broadcasting technology and management to its existing products - that currently offer Net searches and manage Internet traffic for customers such as ISPs, content delivery and hosting companies.

The stock deal between the two San Francisco-based companies is Internet infrastructure Inktomi's biggest acquisition yet. It will swap 11.9 million of its shares for all Fast Forward stock. It will also take a charge of $25 million in Q4, when the deal is expected to close, to cover banking costs related to the agreement.

FastForward's 75 staff will become part of a media arm at Inktomi, to be headed by FastForward co-founder and CEO Abhay Parekh.

Inktomi reckons the Internet broadcast market will be worth $40 billion by 2003. ®

Related Stories

Inktomi, Inktomi, they've all got it Inktomi
BT to resell Inktomi search systems to Europe
Google in lead as search wars hot up

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.