Shockwave: Viacom takes stake in web content firm Defy

Entertainment conglomerate Viacom has taken a minority stake in web content and channels giant Defy Media. In exchange, digital channel operator Defy will acquire Viacom's gaming companies Addicting Games, GameTrailers and Shockwave. Defy already counts Lionsgate, ZelnickMedia and ABS Capital as investors, and Viacom will now take a seat at…The post Viacom takes stake in web content firm Defy appeared first on TBI Vision.