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Verizon acquires startup Vessel in mobile-video push

Published Thu, Oct 27, 2016 · 09:50 PM

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New York

VERIZON Communications Inc agreed to buy Vessel, the closely held video startup led by former Hulu LLC chief Jason Kilar, giving it another tool as it mounts a challenge in the mobile-advertising market.

Terms of the deal weren't disclosed, according to a statement on Wednesday.

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