Andre Yoskowitz
25 Jun 2013 20:04
The large software company Autonomy, now owned by HP, announced today that they have sold off their remaining shares in the oft-forgotten video search engine company Blinkx.
Autonomy sold 45.7 million shares at 120 pence per, giving the deal an $84.48 million value. The sale was actually at a 5 percent discount to the company's current price, but was sold through an accelerated issue to institutional investors.
Last year, Blinkx became the provider of AOL's video search, replacing Truveo.
HP had a small statement: "HP is selling its stake in Blinkx as part of our ongoing efforts to refocus the company on our strategic priorities."
Blinkx is valued at around $650 million.