Yahoo in talks to buy News Distribution Network for $300 million - report

SAN FRANCISCO Tue Apr 1, 2014 3:17am IST

A Yahoo! billboard is seen in New York's Time's Square January 25, 2010. REUTERS/Brendan McDermid/Files

A Yahoo! billboard is seen in New York's Time's Square January 25, 2010.

Credit: Reuters/Brendan McDermid/Files

Related Topics

Stocks

   

SAN FRANCISCO (Reuters) - Yahoo Inc (YHOO.O) is in preliminary talks to acquire online video service News Distribution Network for $300 million, according to a report in the Wall Street Journal on Monday.

The deal could further Yahoo's efforts to bolster its online video programming and video advertising revenue, according to the report, which cited anonymous sources. NDN is a video syndication service that works with newspapers and other online publishers.

Yahoo did not immediately respond to requests for comment.

NDN spokeswoman Krystal Olivieri was quoted in the Wall Street Journal story as stating that the company was not in talks to be acquired by Yahoo. Reached by phone on Monday, Olivieri declined to comment.

(Reporting by Alexei Oreskovic)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Samsung's New Smartwatch

Reuters Showcase

New iPhone?

New iPhone?

Apple invites media to Sept. 9 event; new iPhones anticipated.  Full Article 

Tracking Heartbeat

Tracking Heartbeat

U.S. startups get OK for smartphone-based heart tracking.  Full Article 

Hi-Tech Watch

Hi-Tech Watch

Samsung unveils smartwatch that can make calls.  Full Article 

Bitcoin Usage

Bitcoin Usage

Bitcoin shows staying power as online merchants chase digital sparkle  Full Article 

Snapdeal Investment

Snapdeal Investment

Ratan Tata invests in online retailer Snapdeal  Full Article 

Patent War

Patent War

U.S. judge rejects Apple bid for injunction against Samsung.  Full Article 

Open Data

Open Data

In democracy and disaster, emerging world embraces 'open data'.  Full Article 

Pioneer Science

Pioneer Science

Whole organ 'grown' inside animal for the first time.  Video 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage