cnet

Report: Yahoo to acquire Maven Networks

Yahoo will announce that it has acquired Maven Networks, a video-hosting startup, according to a report in the blog TechCrunch.

Citing three unnamed sources, TechCrunch reported that Yahoo has paid about $150 million for the start-up and will announce the deal Thursday or Friday.

Cambridge, Mass.-based Maven Neworks helps media companies present video content on their Web sites. Among the company's customers are Fox News, CBS Sports and CNET Networks, parent company of News.com.

A Yahoo spokesperson declined to comment on "rumor and speculation." Representatives from Maven could not be reached for comment.

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Social-news company Loomia announced Wednesday that it has launched a new application called SeenThis, which connects news sites with social-networking sites so users can learn what their people on their friends' lists have been reading. Loomia's inaugural partners in SeenThis are The Wall Street Journal, NBC Universal, and CNET Networks, parent company of CNET News.com.

Like many other "recommendation engines," Loomia's technology can suggest content items to a reader based on what he or she has already viewed. SeenThis goes a step further by using social-networking sites' APIs--the one that the current content partners are … Read more