We already knew that sometime in 2009 Joost would run low on cash – CEO Mike Volpi said as much last December – and now five months on the Internet TV service is shopping around for a buyer, reports CNet.
Having already re-invented itself once, ditching its P2P desktop application in favor of a browser-based site powered by Flash video (just like everybody else), the company, founded by Niklas Zennstrom and Janus Friis of Skype fame, is trying once again. This time Joost is positioning itself an ideal platform for powering the Internet TV ambitions of a cable or satellite company, according to the report. Time Warner are said to be the only party interested so far, although both companies have refused to comment.
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