Boston: Yahoo has purchased Maven Networks, an Internet video toolmaker, for
$160 million.
Maven, located in Massachusetts, sells video-publishing systems and tool sets that allow companies play, distribute and syndicate broadband video. The acquisition will be an upcoming age for the advertising sector, which will be generating more than $4 billion in annually within the next three years.
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Yahoo buys Internet video company | Elegant Directory Articles
What do you think guys... $160 is big investment, isn't?