While Google's YouTube is reportedly in talks to buy Web content producer Next New Networks, the New York-based startup has just raised $1 million in debt financing. According to this SEC filing, the fledgling company is raising a round totaling $1.2 million. Listed as investors are Ross Levinsohn from Fuse Capital, Bijan Sabet from Spark Capital, Goldman Sachs and Saban Capital Group. The potential acquisition of NNN, which also manages a network of independent filmmakers alongside producing its own channels, would give YouTube its first step into producing Web videos in-house.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/RvIvDIUgvlw/
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