Yahoo Seeks To Continue String Of Acquisitions With Video-Streaming Startup RayV
According to a Dow Jones report, Yahoo (NASDAQ: YHOO) is said to be close to finalizing a deal to acquire RayV, an Israeli-based, high-quality video-streaming startup, people familiar with the matter said.
In contradiction to this, Bloomberg cited an anonymous source as saying the deal could still fall apart.
Neither Yahoo or RayV would comment on the deal, according to the Dow Jones report.
This is not the first video-streaming company Yahoo CEO Marissa Mayer has tried to acquire in an attempt to enable her company's video site, Screen, to compete with Google's (NASDAQ: GOOG) YouTube. Just last year, Yahoo failed to acquire both Hulu and Dailymotion.
Additionally, the company has explored the possibility of acquiring Fullscreen and News Distribution Network.
According to the Dow Jones report, Mayer has spent approximately $1.2 billion on acquisitions since she became CEO in 2012.
Mayer may be seeking to acquire RayV to help improve the technology driving Yahoo's streaming web-video, as RayV dedicated the early years of its life to developing software to improve high-definition video streaming.
The assets Yahoo could be after include RayV's content distribution network, content management system and digital rights management.
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