A day after AOL acquired video search startup Truveo for an estimated $50 million, the other closely watched video search firm, Blinkx, said Wednesday it has no plans to put itself up for sale although it intends to receive investment from one of the larger Internet or media companies.
“We’re in the middle of talking to VCs and some of the larger companies and players investing potentially in our organization,” said Blinkx co-founder Suranga Chandratillake. “We have to juggle and figure out who can bring the most to the table.”
Analysts and experts have long regarded Truveo and Blinkx as the most impressive startups in the video search industry, and speculation over possible takeovers has consistently dogged both firms. AOL bought Truveo Tuesday (see AOL Buys Video Search Startup) for what sources familiar with the deal say was $50 million, leaving Blinkx as an obvious acquisition target.
There was speculation late last year that Rupert Murdoch’s News Corp. was talking to Blinkx about a possible purchase. While Mr. Chandratillake declined to comment on the talk, he reiterated that he had spoken to the prominent Internet, media, and software companies.