Yahoo to Buy Musicmatch for $160 Million in Cash
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Yahoo said today that it agreed to buy Web-based digital music and software provider Musicmatch, in a deal which will supplement the offerings of Yahoo's digital music site.
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NEW YORK: Internet company Yahoo says it will buy privately held music software company Musicmatch for about $US160 million in a bid to bolster its online music services.
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The competition arrayed against Apple in the growing online music market is shifting. In a deal valued at US$160 million, Yahoo! announced today the acquisition of one-time Apple partner Musicmatch.
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Microsoft Corp on Friday said it had offered to acquire Yahoo Inc in a proposed cash and stock deal valued at $44.6 billion.
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Musicmatch Inc., a privately held Rancho Bernardo music software and services firm, is being acquired by Internet giant Yahoo for $160 million in cash.
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Yahoo! Inc., owner of the world&#39;s most-visited Internet site, will buy Musicmatch Inc. for $160 million to spur sales of music downloads and compete with rivals including Apple Computer Inc.
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Yahoo, seeking to add e-commerce to its Internet music portal, will pay &#36;160 million in cash to acquire Musicmatch, a critically acclaimed but little known music jukebox and download service.
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Yahoo has acquired Maven Networks for $160 million in a deal that will help the search provider boost its video advertising capabilities.Media companies including Fox News, CBS Sports, and&#160;Sony BMG use Maven&#39;s platform to manage, distribute, and earn advertising revenue from their online video content. The platform includes an advertising insertion engine, as well as inventory management and reporting tools. Companies use it to post videos on their sites and insert interactive ads into the videos.On Tuesday, Yahoo&#160;said it plans to contribute its display advertising sales force and technologies to Maven&#39;s platform to help publishers display more targeted ads in videos. The deal means that advertisers can buy video, search, and display ads through Yahoo, which believes that video is a fast-growing segment of the online ad market.Maven has become a wholly owned subsidiary of Yahoo, which has established a Cambridge, Mass., office with the acquisition.Yahoo makes the acquisition in the midst of an increasingly hostile&#160;attempt by Microsoft to buy the search company. In response to&#160;Yahoo&#39;s rebuttal of its buyout offer, Microsoft on Monday said that it thinks its offer was fair and that it might&#160;take the offer directly to Yahoo shareholders.
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Yahoo Inc. is buying e-mail service Zimbra Inc. for $350 million in an all-cash deal that may open a new revenue channel for the slumping Internet icon.
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Yahoo said it was buying digital music group Musicmatch for about 160 million dollars in cash in a move aimed at boosting the Internet portal's online music offerings.
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Yahoo Inc has struck a deal to  buy BlueLithium, the fifth-largest U.S. online ad network, for  $300 million in cash, in the latest move to consolidate the  fast-growing behavioral ad targeting market.
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$160m cash purchase to propel digital music market entry
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Internet portal Yahoo Inc. said Tuesday that it agreed to buy Web-based digital music and software provider Musicmatch Inc. for $160 million in cash, in a deal which will supplement the offerings of Launch, Yahoo&#39;s digital music site.
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Yahoo Inc. said Monday it would buy e-mail software maker Zimbra Inc. for about $350 million.
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Microsoft offers to buy the search engine company Yahoo for $44.6bn in cash and shares.
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Yahoo is reportedly in talks with major labels about a DRM-free music store. to offer them either for sale or for free in an ad-supported model.
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Technology giant Microsoft Corp said  on Friday that it had offered to acquire Internet media company  Yahoo Inc for $44.6 billion in cash and stock.