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Short Take: Akamai, Loudeye ink marketing agreement

Akamai Technologies, which provides network enhancements for delivering digital content over the Internet, has announced a cross-marketing agreement with Loudeye Technologies, a start-up that converts content in analog formats such as VHS to digital. Akamai also agreed to take a $5 million equity investment in Loudeye. The deal follows Akamai's $2.8 billion acquisition of Intervu and is the latest move by Akamai to cement its place in the burgeoning streaming media market.

Akamai Technologies, which provides network enhancements for delivering digital content over the Internet, has announced a cross-marketing agreement with Loudeye Technologies, a start-up that converts content in analog formats such as VHS to digital. Akamai also agreed to take a $5 million equity investment in Loudeye. The deal follows Akamai's $2.8 billion acquisition of Intervu and is the latest move by Akamai to cement its place in the burgeoning streaming media market.