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December 06, 2007
Glowria Goes To NetGem
Glowria, the French DVD rental and VOD startup, has been sold by its French VCs to Netgem, a vendor of hardware and software for "new" TV companies [via Altaide] The deal values the venture at up to €18.9M and is apparently being paid in shares. The shares are equivalent to about 14.4 percent of Netgem's stock. It's probably a good fit for Netgem, but we think it was a premature trade sale exit for the startup.
Read related posts on Glowria in alarm:clock euro Glowria Executes 10/06 and Glowria Raises07/07
Posted on December 6, 2007 03:28 PM | Posted to News And Updates | Permalink
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