FASTTAKES: Youku, Sony, Avaya, Cisco

Staff writer
21 Dec 2009

Chinese video website Youku has raised $40 million in funds from existing investors, including Chengwei Ventures, Maverick Capital and Bain affiliate Brookside Capital, the WSJ reported. The new funds will go toward expanding its offerings of licensed content offerings and mobile video.

Sony has signed 19 new newspaper and magazine partners for its Reader devices, reports.

Avaya has completed its acquisition of Nortel’s enterprise business, taking on board approximately 6,000 Nortel staff. Joel Hackney, previously president of the Nortel enterprise group, has been appointed senior vice president and president, Avaya government solutions and data.

Cisco has completed its $2.9 billion acquisition of IP mobile data specialist Starent Networks, the company announced Friday.

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