Telstra announced on August 12 it will acquire Silicon Valley-based company Ooyala.  The US$270 million investment increases Telstra’s ownership in Ooyala from 23 percent (fully diluted) to 98 percent and is in addition to the US$61 million previously invested in Ooyala over the past two years. This transaction is subject to customary closing conditions including the receipt of U.S. regulatory approvals and is expected to be completed in the next 60 days.  Telstra Chief … [Read more...] about Telstra to acquire Ooyala