Blinkx Rises And Falls On Mystical Google-News Corp Acquisition Chatter

Market speculation from an Investec analyst (via Bloomberg) that Google (NSDQ: GOOG) or News Corp (NYSE: NWS) may buy voice recognition-based video search index Blinkx did wonders for the company today – then petered out a little. casually noted the company may seek a Nasdaq listing, adding to its listing on London’s AIM market. Blinkx shares jumped by 50 percent in the morning to a seventh-month high, valuing it at £102 million ($204 million).

But they fell back after lunch to settle at a valuation of around £80 million ($160 million) an hour before the close. Perhaps because the company just issued a statement to the market saying the board “notes” the price rise but “is not aware of any external bids or bid-related reason for the movement”. Curious…

Blinkx has been adding services and video partners at a rate of knots – tied in to its speech recognition, it has its revenue share-based Ad Hoc ad platform and it recently launched its Blinkx TV platform. Being fundamentally a video search platform (with ads tied in), one can imagine interest from Google (and that colorful logo does nothing if not pay homage to Mountain View. also linked the London/San Francisco-based site to News Corp back in 2005 and Blinkx has been linked to Google since as far back as 2004. As I wrote last month, though Blinkx has an impressive catalog of video content behind it, it’s not yet pulling it together as a portal in its own right.