The service, which had been online for less than two years, was created by Arqiva.
Arqiva was looking for investors earlier this year, and in July a majority stake was taken by Criterion Capital Partners, which also owns Bebo.
The project, created in February 2010, used assets from the shelved TV platform, Project Kangeroo.
SeeSaw used to offer free-to-view programmes supported by advertising and users could turn the advertisements off with a fee payment. It also had pay-to-view shows.
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Via: The Next Web