Level 3 Digs Deeper Into Video

Betting that the backbone is a business that’s going to get better, Level 3 added to its ante by purchasing the content delivery network business from Savvis today, for $135 million in cash. Om has more details and analysis on the GigaOM site. Whether or not the new strategy is one that pays off for Level 3 is a question we recently asked, noting that the old guard of Web 1.0 still has some dues to pay from the previous bust that may hamper them from following the current boom.