Yahoo in talks to buy News Distribution Network for $300 million - report
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)
- Tweet this
- Share this
- Digg this
- PM Modi says al Qaeda will fail in India - CNN
- Scots spurn independence in historic vote, nationalist leader resigns
- Eight bodies found after attack on Guinea Ebola education team
- India TV anchor's number is up after naming China's Xi 'Eleven'
- CORRECTED-UPDATE 2-SAP agrees to buy expense software maker Concur for $7.3 bln
Alibaba Group priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion, in the latest sign of strong investor appetite for the Chinese e-commerce juggernaut. Full Article
Apple's iPhone 6 Plus includes chips from Qualcomm, Skyworks - iFixit Full Article