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Grouper bought by Sony Pictures for $65 million
Marking the first of potentially many such acquisitions, Sony Pictures Entertainment has acquired video sharing start-up Grouper for $65 million in cash. Grouper, which has garnered praise from reviewers, will be used by Sony "to share lower quality Sony videos online, distribute DVD quality video by P2P and allow users to create mashups of select Sony media properties," according to TechCrunch, ...
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