AOL Buys Video Search Firm

Eric Newman writes "TheStreet.com is reporting that America Online has purchased Truveo.com. From the article: 'Truveo has a proprietary technology called visual crawling that lets it automatically discover video files on Web pages, enabling customers to see updated information on news, sports and entertainment. The acquisition, which closed Dec. 21, was AOL's fifth last year. News of the deal wasn't released until Tuesday. Terms were not disclosed.' Note that the deal closed the same week that Google bought a 5% stake in AOL, in part to collaborate on video technology."