Qlipso, a social site that enables users to share Flash-based content, has recently purchased Veoh, one of the internet's top video sharing sites.
Veoh, launched in 2005 hoping to compete with YouTube. However, after a long legal battle with Universal Music Group (UMG) over alleged copyright infringement, and other financial problems, Veoh announced earlier this year that they would be filing for Chapter 7 bankruptcy. Yesterday, Veoh's founder and CEO Dmitry Shapiro stated in his blog, "Veoh in fact did not file for bankruptcy and was sold to Qlipso."
Qlipso is a web-based service that provides a platform for sharing and viewing online video, games, slide shows and music while allowing users to simultaneously interact with friends and family through video, voice and text chat.
"This chapter of our lives has come to an end," said Shapiro, "but a bright new chapter will soon begin, and I assure all of you reading this, that we have lots of important work ahead of us. Stay tuned, you will hear from us again!"
Veoh users can expect to see more social features added to veoh.com in the coming months.