Published March 26, 2010 at 2:24 PM
AOL Inc. (NYSE:AOL) chief Tim Armstrong wants his company to become the "Time of the 21st century, and that means more acquisitions," says Ashkan Karbasfrooshan, CEO of online video content producer WatchMojo.com. In The Deal's video interview, Karbasfrooshan predicts AOL will add to its January purchase of StudioNow Inc. for $36.5 million with other online video startups, such as Howcast. It's all part of a wave of M&A deals in online video that he anticipates this year, including potential shopping sprees by Gannett Co. (NYSE:GCI), Google Inc. (NASDAQ:GOOG), Microsoft Corp.
(NASDAQ:MSFT) and Yahoo! Inc. (NASDAQ:YHOO), with Brightcove, Howcast, Livestream and TubeMogul among attractive targets. Watch the video below or download it at iTunes. - Mary Kathleen Flynn
Santander Holdings USA Inc. recently named T. Timothy Ryan Jr. as nonexecutive chairman of the board of directors of Santander Holdings and of Santander Bank NA. For other updates launch today's Movers & shakers slideshow.
Royal Philips announced an agreement to acquire San Diego healthcare imaging company Volcano for $1.2 billion as CEO Frans van Houten rebalances the Dutch electronics company towards medical devices. More video