TokBox was acquired by Telefonica Digital. TokBox, which offered a Flash based video platform, has been toiling around the social video space for half a dozen years. Without going into their history, the move is a very interesting one for Telefonica as it puts them at odds long term with Microsoft, which counts on the telcos to help push services like Microsoft Lync to the enterprise, and Skype to the consumers.
Think of this as an over the top video play, much like Skype is an OTT voice and video play. Given some of the other activities Telefonica Digital is taking on, and initiating, while the rest of their business is slowing down, means they have out of market aspirations by going over the top.