Online Video Firm JumpTV Rejects Rival Offer From Brad Greenspan; Goes Ahead With Previous Merger
This story was written by Rafat Ali.
Canada-headquarted online video firm JumpTV (TSE: JTV) has received an unsolicited competing bid to buy the company from the troublemaker and MySpace co-founder Brad Greenspan, but the company has rejected the offer. Jump is already in the process of merging with NeuLion, a Plainview, NY-based start-up that sells a new online to TV streaming-video technology.
By Rafat Ali