Viacom Seeks Records of YouTube Investors

Oct 8, 2008  •  Post A Comment

Viacom is going after YouTube’s earliest investors in an effort to prove the video hub Web site’s business model depends on copyright infringement, MarketWatch reports. Viacom has filed discovery requests against Sequoia Capital, Artis Capital Management and TriplePoint Capital in an effort to obtain documents that would provide insight as to why the venture-capital firms chose to invest in YouTube back in 2005. When YouTube was sold to Google in late 2006 all three firms received Google shares worth millions, and in Sequoia’s case, hundreds of millions. Viacom also seeks documents pertaining to Google’s acquisition of the site.
—Christopher Perez

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