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Yahoo Acquires Maven for $160 Million

News Brief Confirming Purchase of Video Operation

By Sergio Published on .

Yahoo has officially purchased Maven Networks for $160 million, TVWeek reports. Rumors about the transaction began two weeks ago as Yahoo was grappling with Microsoft's initial $44.6 billion offer to purchase the company. Yahoo will assume Maven's video distribution services for clients such as Hearst, News Corp. and TV Guide.
-Sergio Ibarra
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