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Report: Veoh Files For Bankruptcy

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San Diego- and Los Angeles-based video sharing site veoh Networks has filed for Chapter 7 bankruptcy, according to web site Mashable. Veoh had raised over $67.5M Veoh had raised over $67.5M Tags: veoh networks merger acquisition bankruptcy failure. READ MORE>>.

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Veoh's Shapiro Confirms Bankruptcy Filing

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Dmitry Shapiro , in a post on his personal web site, confirmed the Chapter 7 bankruptcy filing of San Diego- and Los Angeles-based Veoh Networks Thursday afternoon. Veoh had raised over $70M in funding. Tags: veoh video sharing dmitry shapiro bankruptcy failure employment jobs. READ MORE>>.

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Report: Veoh Assets Go To Qlipso

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The assets of ill-fated online video site Veoh have reportedly been sold to 2Peer Ltd., Veoh filed for bankruptcy in February, after burning through over $70M in venture funding. Tags: qlipso 2peer acquisition merger veoh. operator of media site Qlipso , according to a report from VentureWire. READ MORE>>.

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Veoh's Shapiro Named CTO Of MySpace Music

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Los Angeles-based MySpace Music announced this morning that it has hired Dmitry Shapiro , who founded Veoh, as its new Chief Technology Officer. Shapiro was founder and CEo of Veoh Networks until its bankruptcy filing in February. Tags: veoh dmitry shapiro myspace executive. Shapiro also served as founder of Akonix Systems.

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Veoh Claims Win Over Universal Music

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Los Angeles- and San Diego-based video sharing site Veoh is claiming a major win today over Universal Music group, saying that a federal judge has thrown out a copyright infringement lawsuit against the firm. Veoh had been sued over user videos using music from the label in September of 2007. READ MORE>>.

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SmartDrive Systems Snags Former Veoh CEO

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Mitgang was previously CEO of Veoh, and also had served at Senior Vice President of Yahoo!'s San Diego-based SmartDrive Systems said Monday that it has named Steve Mitgang as its new CEO. s advertising products, platforms, and services.

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Veoh Cuts 20 Percent

socalTECH

Los Angeles- and San Diego-based Veoh (www.veoh.com), an online video sharing site, has laid off 20 people, or roughly 18-20 percent of the firm's employees. Veoh said that the firm, although doing well financially, could not predict how soft the online advertising market will become, given the economic challenges of today.

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