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Ustream Closes $75 Million Venture Capital Commitment

Thursday, February 04, 2010 5:53:00 AM PDT | VentureDeal Staff

Mountain View, California  --  Internet company Ustream.TV has secured $75 million in a new round of venture capital commitments.

Ustream has created an online digital media platform that allows consumers to broadcast live streaming video.

SoftBank made the financing commitment, composed of $25 million in immediate company investment and up to $50 million of future investment.

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