SAN FRANCISCO 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)
Trending On Reuters
#RIPTwitter became the top trending U.S. item on Twitter on Saturday, after a report from BuzzFeed said the company is planning to change how it displays users’ tweets. Full Article
- Rubio, Christie and Kasich get more debate traction on social media
- Future fans will live the Super Bowl, not watch it
- Malaysia's new Twitter police target critics of PM Najib
- Exclusive - Top cybercrime ring disrupted as authorities raid Moscow offices - sources
- Twitter suspends over 125,000 accounts for 'promoting terrorist acts'