AOL Acquires Online Video Network Goviral

AOL said today it has acquired the European online video distribution network goviral for $74.1 million.

In addition, AOL will pay goviral $22.6 million over two years following completion of the deal.

“Video is core to AOL’s consumer programming strategy and goviral has created an incredibly compelling platform that delivers highly measureable and cost effective solutions to publishers and advertisers,” said Kate Burns, SVP, AOL Europe.