New York, NY, September 28, 2010 ? AOL Inc. (NYSE: AOL) today announced it has acquired 5min Media, the Web's largest video syndication platform.* The acquisition allows AOL to significantly expand its consumer offering of contextually relevant, high-quality video across its sites, increasing the AOL Network's appeal to advertisers and is expected to further enhance the distribution and monetization of AOL-produced original video content throughout the Web.** Deal terms were not disclosed.,AOL Inc., the Internet company spun off from Time Warner Inc., acquired closely held 5min Media, gaining a video-distribution service to boost advertising.
5min, which has a library of more than 200,000 videos featuring content including fashion, cooking and fitness, has 800 partner sites, New York-based AOL said in a statement today. Financial terms weren?t disclosed.
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