This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Yahoo! Acquires RayV

NEW YORK (TheStreet) -- Yahoo!  (YHOO - Get Report) has acquired RayV, both companies announced today.

P.P.S. Narayan, Vice President of Cloud Platforms and Services at Yahoo!, announced that the company acquired RayV, an eight-year-old start-up that specializes in high-quality Internet streaming.

"At Yahoo, we are focused on building a video offering that delivers best-in-class quality and content, and can be streamed on-demand and live, on all platforms," Narayan said in a post on the company's Tumblr. "The RayV team shares our passion for innovation and commitment to build a video infrastructure to deliver the ultimate video experience to our users. RayV has built a compelling technology that enables improved high quality streaming for online and mobile content partners." Narayan noted that many of the RayV team will join the Yahoo R&D center in Tel Aviv.

The financial terms of the deal were not disclosed. Yahoo! could not be reached for comment.

RayV said the company was "excited" to join Yahoo!. "Yahoo's global scale and broad content base, combined with its amazing leadership and appetite for success, creates an ideal environment for our team to thrive and be pushed to the next level," RayV said in its own statement.

-- Written by Laura Berman in New York

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
YHOO $44.48 0.27%
AAPL $133.04 0.29%
FB $81.39 -0.63%
GOOG $555.04 -0.06%
TSLA $233.24 0.73%

Markets

DOW 18,086.01 +48.04 0.27%
S&P 500 2,111.50 +2.58 0.12%
NASDAQ 5,064.4030 +4.1570 0.08%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs