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After Yahoo spurned Microsoft as it’s suitor, it seems that Yahoo isn’t going to let the letdown of that massive buyout slow them down. Yahoo is buying online media provider Maven Networks for a reported $160 million dollars. The Cambridge Massachusetts-based Maven Networks has helped professional media companies create, distribute and profit from direct-to-consumer Internet TV channels and networks. The Maven Internet TV Platform is used by companies that include CanWest, CBS Sports, CBC, and CNET among others.
You have to give it to Yahoo in this respect, they aren’t going to roll over and play dead for Google and Microsoft. Yahoo might have had a rough stretch recently, but the writing has been on the wall for online video for some time and this acquisition seems like a good move in that vein.
Read [Forbes]
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