Yahoo To Acquire Maven Networks For About $150 Million: Reports
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Both Techcrunch and NewTeeVee are reporting that Yahoo (NSDQ: YHOO) is buying Boston-based online video technology/service provider Maven Networks, for around $150 million. Maven provides high-res video technology/hosting/distribution for Gannett (NYSE: GCI), Hearst, Fox News, Sony (NYSE: SNE) BMG, the Financial Times, Univision, TV Guide, and others.
SEE ALSO: Broadband Video Tech Firm Maven Gets $13 Million Third Round
Maven raised about $30 million in funding from Prism Venture Partners, Accel Partners, and General Catalyst Partners. Jeremy Allaire, the founder of Brightcove, was the EIR on the Maven deal from General Catalyst’s side before he left to start his video firm.
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Technologies / Formats, Broadband, Companies, Yahoo, maven networks
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