Ustream.tv is said to be in advanced talks with Microsoft to be acquired for $50 million, according to a report from Valleywag. Given it’s very early morning as the post goes live we are unable to put calls in to confirm the deal, but might have more later.
Ustream .tv is one of the first wave of live streaming service providers that includes companies such as Justin.tv, Blogtv and Mogulus. Ustream.tv has offered a complete package of streaming and post show videos, and has a strong reputation as a reliable provider of live shows and events. The company announced a deal January 29 to stream the Republican convention, and has also featured other events including shows with Republican Presidential candidate Mike Huckabee and Chuck Norris. Ustream.tv is also the home of major league live streamers including Chris Pirillo, and also scored a viral win with Walrus TV.
The acquisition, if true, does seem a little strange timing wise given Microsoft’s takeover offer for Yahoo, however Valleywag suggests it’s a pre-emptive pre-Series A deal that will allow Microsoft to showcase Silverlight to a broader audience.