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Arqiva seeks investment partner for SeeSaw

Wednesday, January 19, 2011   (0 Comments)
Posted by: Orly Konig-Lopez
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(19 January 2011) Arqiva has announced that it is seeking an investment partner for its online TV service SeeSaw, following a strategic review, with the aim of accelerating the development of the service which launched in February 2010.

The move comes after a major reorganisation of Arqiva’s business units, announced last October.
"We’ve been looking at SeeSaw as part of a wider strategic review and, following the success in launching a pioneering new service to both consumers and advertisers, we now believe the service needs further investment to reach its full potential. SeeSaw is backed by unique technology and will be a major part of the connected TV revolution, but we need to enable a step-change in the development of the service in what is a very fast moving environment”, said Nick Thompson, Managing Director of Arqiva’s Broadcast & Media business unit.

Arqiva plans to look at all investment options for the business in order to support SeeSaw’s long-term success.

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