AOL to Acquire Video Service 5min [REPORT]

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The deal is not officially confirmed, but the same sources claim that AOL has paid between $50 million and $65 million for 5min Media. Earlier this year, AOL acquired the video creation platform StudioNow for $35 million.

5min is a service that syndicates how-to and instructional videos to other sites. It raised $5 million in a Series A financing round from Spark Capital in 2008 and has been growing ever since. The company claims its 200,000 clips generate 110 million views a month, across 800 partner sites.