Adconion Media Group, a Santa Monica, Calif.-based online advertising network, has acquired the assets of Joost Inc., a bankrupt provider of Internet television services. No financial terms were disclosed. Adconion last year raised the equivalent of $80 million in Series C funding from Index Ventures and Wellington Partners. Joost had raised $45 million from Index, Sequoia Capital, Li Ka Shing Foundation, CBS and Viacom.

NEW YORK (Reuters) – The founders of Skype on Friday filed a new lawsuit against Index Ventures and one of its partners, Michelangelo Volpi, accusing him of misappropriating trade secrets to help broker the sale of the Internet phone service owned by eBay Inc. The lawsuit follows another lawsuit by Niklas Zennstrom and Janus Friis’s [...]

HELSINKI (Reuters) – Web TV firm Joost, owned by the founders of Skype, has fired its high-profile chairman Mike Volpi, The Times reported on Saturday. Volpi, who continued as Joost chairman after leaving the chief executive role at end-June, joined then the venture firm Index Ventures, who was part of consortium bidding $1.9 billion to [...]

Mike Volpi has joined Index Ventures as a partner in the firm’s London office. He previously was CEO of online video company Joost, where he will continue to serve as chairman. Joost last week announced major layoffs and a business strategy shift. Joost is an Index portfolio company. Prior to Joost, Volpi oversaw Cisco’s routing and service provider business.

Joost Inc., a New York-based provider of Internet television services, has raised $45 million in Series A funding. Index Ventures led the deal, and was joined by Sequoia Capital, Li Ka Shing Foundation, CBS and Viacom. As previously announced, CBS and Viacom also are content partners with Joost, providing channels and programming. www.joost.com ——————————————————-   [...]