No Cable Killer After All: KIT digital Buys Assets Of Sezmi For $27 Million

So much for Sezmi's ambitious plans to kill cable TV: the assets of the cloud-based TV delivery platform company were recently acquired by KIT digital for approximately $27 million in a mixture of stock and cash. Sezmi, founded in 2007 under the name Building B by the former CTO of Sony Music (and later CTO of Sony's US subsidiary) Phil Wiser and serial entrepreneur Buno Pati, reportedly raised over $70 million.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/W2ATQy_WcrU/

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