Ooyala management buyout

OTT, content production, and digital distribution solutions provider Ooyala and Telstra have revealed the completion of the management buyout of Ooyala. The Australian telco invested US$270 million in August 2104 to increase its ownership in Ooyala from 23 per cent (fully diluted) to 98 per cent and was in addition to the US$61 million previously invested in Ooyala over the previous two years.

Source: Ooyala management buyout