Yahoo acquires video service for $160M

**MIG-31** · Feb 12, 2008, 08:48 PM

Source: Yahoo
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SAN FRANCISCO - Undeterred by the threat of hostile takeover, slumping Internet pioneer Yahoo Inc. completed an acquisition of its own Tuesday by buying online video service Maven Networks Inc. for $160 million.

The deal marks Yahoo's latest attempt to expand its online advertising network and snap out of a two-year financial funk that has culminated in unsolicited takeover offer from Microsoft Corp.

Feb 12, 2008, 08:48 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,854 Rep Power: 471 System Specs	Yahoo acquires video service for $160M Source: Yahoo ____________ SAN FRANCISCO - Undeterred by the threat of hostile takeover, slumping Internet pioneer Yahoo Inc. completed an acquisition of its own Tuesday by buying online video service Maven Networks Inc. for $160 million. The deal marks Yahoo's latest attempt to expand its online advertising network and snap out of a two-year financial funk that has culminated in unsolicited takeover offer from Microsoft Corp. __________________ Please Post Your News Submissions Here