Yahoo acquires video service for $160M - BetaONE will rise again!

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12th Feb 08, 10:15 PM

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Yahoo acquires video service for $160M

*Source: Yahoo (http://news.yahoo.com/s/ap/20080212/...mJnM0jtBA F)*
*____________*
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.

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