Verizon has acquired short-form video platform Vessel, which had reportedly raised more than $130m from investors including Comcast Ventures.
Comcast Ventures, the corporate venturing arm of mass media company Comcast, has exited US-based sort-form video platform Vessel in an acquisition by telecommunications group Verizon, VentureBeat reported on Wednesday.
Vessel operates a subscription-based online service that enabled media partners including Discovery Digital Networks, A&E, NBC and the NBA to broadcast short video content.
Verizon did not disclose the purchse price. It intends to absorb Vessel’s technology but will shut down the service at the end of this month.
The company…
