Blinkx isn’t taking no for an answer. Despite dropping its pursuit of pay-per-click ad network MIVA last month after being rebuffed, it’s now restarted the reverse-takeover bid after recording strong earnings last week. At $0.55 per share ($19 million), the new bid is far less than the $1.20 ($41 million) first offered back in August, but is still 108 percent up on MIVA’s Tuesday close of $0.26 and comes in all-cash.

MIVA’s share price has tanked by 85 percent this year and the outfit last week raised a $10 million credit facility after seeing Q3 losses widen from $3.3 million to $10.5 million. Blinkx said the buy is still attractive to shareholders “in light of issues in the MIVA business and current market conditions; however, because of MIVA’s continued loss-making performance and rapidly declining cash position, time is of the essence”. More details on PCUK.

• Earnings: Blinkx Slims Its Losses, Ad Forecast ‘Conservative’
• Blinkx Drops Bid For Search Marketing Firm Miva
• Updated: Blinkx Bids $41 Million For Miva; Ad Net Rejects Proposal