Wednesday, February 13, 2008

Yahoo acquires start-up Maven - The Boston Globe

Done deal -- for $160M

"Internet video, while it was pioneered by a bunch of start-ups, is on the cusp of becoming big business," said Hilmi Ozguc, the chief executive of Maven, which has raised about $30 million in venture capital since 2002. "Billions of dollars in advertising are at stake."

The deal could also raise the profile of the area's other Internet video players, including Brightcove Inc. of Cambridge, PermissionTV Inc. of Waltham, ExtendMedia Inc. of Newton, and Gotuit Media Corp. of Woburn, said Will Richmond, president and founder of Broadband Directions, an Internet vid eo market intelligence firm in Newton.

Yahoo acquires start-up Maven - The Boston Globe

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