BitTorrent $25 million
Posted by rexdixon on November 29, 2006
BitTorrent, as we had stated last night there was a rumor which is clearly marked as such on Om’s site, of $15 million in new funding. Now there are a couple of stories this morning that you can check out.
It looks like from the one story on TechCrunch, BitTorrent is going to receive a total of $25 million and the CEO Bram Cohen is out. The other one from ValleyWag says Accel Partners is leading the funding. Technically Speaking, BitTorrent is about to get a nice chunk of change to shake up the online movie industry.