As we mentioned last week, lost in the shuffle of the Yahoo! / Microsoft negotiating was Yahoo’s offer for Maven Networks. Today, Yahoo released confirmation that they had, indeed, purchased Maven Networks for $160 million.
The acquisition continues Yahoo’s infrastructure support for delivering and monetizing video. Last week they launched their Lifestream beta, their entry into the personal streaming game.
» Read the rest of this entry ...Damn. I want to cry right now. Mr. Softy offered $44 billion to pick up the battered remains of Yahoo, stepping up to the plate with the chutzpah to execute a turnaround that seemed unlikely to happen from within.
But what do they get for it? And more importantly, is it worth it? Last week Yahoo stock was trading around $18. Microsoft’s offer of $31 a share is roughly a 60% premium over that. Sure they are both getting their asses handed to them in the search arena, but does a Microsoft…
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