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German YouTube Clone Acquired by TV Station
Germany's biggest television broadcaster, ProSiebenSat1 Media, has bought a 70% stake in German video-sharing network MyVideo.de for $26 million. The broadcasting network already owned 30% of MyVideo.de, so this last investment was more of a completion for a buyout than anything else. The German YouTube clone launched last year, and has gained significant traction even before the initial investment from ProSiebenSat1 Media.


Source: http://mashable.com/2007/09/03/myvideode-acquired/

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