Dominating TV: Amazon wants to control every possible aspect of TV viewing by acquiring a startup that reformats traditional TV broadcasts to fit on mobile devices.
SAN FRANCISCO: Amazon announced a deal to buy a startup that tailors traditional television broadcast for the vast array of Internet-linked devices used for streaming video.
Amazon did not disclose how much it is paying for Portland-based Elemental Technologies, but a report at tech news website The Information put the price at US$500mil (RM2.11bil).
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
