Friday, October 28, 2016

Vessel Acquired By Verizon

San Francisco-based subscription video site Vessel announced earlier this week that it has been acquired by Verizon. Financial details of the acquisition were not announced. Vessel will shut down the service as a result of the acquisition. Vessel was venture backed by $130M in funding from Benchmark Capital, Greylock Partners, and Bezos Expeditions; the company's founders were former Hulu CEO Jason Kilar and CTO Richard Tom.