Blinkx May Be Gobbled Up by Google

May 9th, 2008 at 12:00 am
 


REUTERS reports: 

LONDON (Reuters) – Shares of British video search engine firm Blinkx surged 50 percent to a seven-month high on Friday, on talk that Internet giant Google and media conglomerate NewsCorp may bid for the firm.

Blinkx, founded in 2004 by Sri Lanka-descended Briton Suranga Chandratillake, floated on London’s junior AIM market in May 2007 following a merger with another UK search engine firm, Autonomy.

Blinkx may also be a target because of its technology and its strong consumer focus, said Piper Jaffray analyst Rajeev Bahl.

Talk of a bid "does not sound ridiculous," he said. "If there were to be a bid, the main search engine companies like Google and Yahoo would be sensible bidders. Blinkx have got very intelligent search engine technology and a number of licensees."

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It is entirely possible that BLinkx is a target for acquisition by any of the bigger web companies.  Google, News Corp, and Yahoo have already shown inrterest and BLinkx doesn’t seem to be warding them off.

Blinkx is actually a pretty good video search engine and I’ve been using it for more than a year.  It takes out the stress of scouring multiple video sharing sites and crawls them in a single search engine instead.

Acquisition of Blinkx by any of the companies mentioned will be a huge investment and a high profile buyout.  We’ll be keeping our eyes out for that one.