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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
Foros Group LLC tapped Goldman, Sachs & Co.'s Drew Ackert as a managing director in New York, advising technology and media clients. For other updates launch today's Movers & shakers slideshow.
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