Investors swooped in to save troubled online television service SeeSaw in a deal estimated to be worth around $16 million. A private equity firm in the U.S. that also acquired Bebo from AOL led the consortium of investors.
The group that came together behind Criterion Capital Partners to take a controlling stake in London-based SeeSaw was littered with names in film, television, and new media. The former chief executive of the U.K.’s Channel 4, Michael Jackson, is one of the investors in both this venture and Bebo.
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