It may not be a $1.6-billion takeover, but Joost seems to be doing pretty well nevertheless, attracting $45-million in funding from a group of backers - including CBS and Viacom, two of the TV networks it has signed content deals with. Obviously, they have decided that Joost is the horse they want to put their money on when it comes to Internet television. As Om notes, among the other investors are Sequoia Partners (also a backer of YouTube) and Index Ventures, whose partner Danny Rimer made a gazillion or so dollars by investing in Skype before it was bought by eBay. So he probably likes Janus Friis and Niklas Zennstrom just a little. Nick O'Neill of Webpreneur says Joost is about to pull off "one of the biggest fear-driven deals in history."
link to original post