Softbank, KT and Recruit have exited Ustream in an acquisition by IBM, which will integrate the video streaming platform into its new Cloud Video Services division.
US-based live video streaming service Ustream has been acquired by computing company IBM, providing an exit to backers including human resources firm Recruit and telecommunications firms Softbank and KT Corporation.
The deal could be worth approximately $130m, according to Fortune, though that amount has not been officially confirmed.
Founded in 2007, Ustream operates a cloud-based platform that enables businesses and professional broadcasters to stream live and on-demand videos of their events, such as keynotes or music concerts.
IBM will integrate…
