Yahoo acquisition bolsters Digital Home plans
Online portal Yahoo has acquired Meedio, a small software company that specializes in turning PCs into digital hubs for the living room.
In a written statement, Yahoo spokeswoman Helena Maus said the move was designed to help position the company in its customers living rooms.
It will also "enable Yahoo to further its goal of extending "beyond the browser and onto the connected devices throughout consumers' lives," Maus said.
According to a note posted on Meedio.com, Yahoo purchased the rights to most of the company's technology and all its intellectual property but not its software products.
Financial terms were not disclosed. Yahoo plans to fold Meedio's technology into its Digital Home team.
Among the technologies Houston-based Meedio developed was one that let people organize and access digital music and video with their TV and remote control. Another development, called Meedio TV, lets consumers pause, rewind and record live analog, digital or HDTV broadcasts with their PC.
Greg Sandoval covers media and digital entertainment for CNET News. He is a former reporter for The Washington Post and the Los Angeles Times. E-mail Greg, or follow him on Twitter at http://twitter.com/sandoCNET. 
