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Submission + - Microsoft To Acquire Ustream.tv For $50 Million? (valleywag.com)

NewShinyCD writes: Sources tell Valleywag that lifecasting startup Ustream.tv is in advanced discussions with Microsoft to acquire the lifecasting service for more than $50 million, but there are other companies in the bidding as well. Ustream is currently raising a very large initial round of VC financing, and Microsoft is attempting to grab them prefunding for a cheap price. Our tipster also mentions that Microsoft would use Ustream as a way to promote its Adobe Flash competitor, Silverlight.
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Microsoft To Acquire Ustream.tv For $50 Million?

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