Verizon Buys Former Hulu CEO’s Vessel Seeking Technology

Recode: Verizon said it is buying the technology behind Vessel, the short-form video firm started by former Hulu CEO Jason Kilar. The telecom giant is acquiring Vessel’s product and technology, but plans to shut down the Vessel service. Kilar won’t be joining Verizon long-term, but his co-founder, Vessel CTO Richard Tom, will become the CTO for Verizon’s digital entertainment efforts.