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Viacom Buys Pluto.tv Free Video Streaming Service for $ 340 Million – TechCrunch

"Today is an important step in the development of Viacom because we are working to advance both our business and the industry. Pluto TV's unique and market-leading product, combined with Viacom's brands, content, advanced advertising capabilities and global reach, provides a great opportunity for consumers, partners and Viacom, "said Bob Bakish, President and Chief Executive of Viacom, in a statement …

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