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It’s Official: Yahoo Acquires; Not Official But True: It Cost About $100 Million

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imageAs we were first to report in early April, Yahoo was on the verge of acquiring college sports network It took a few months to complete, finally closing after months of digging through Rivals’ plethora of distribution contracts and a yes vote from the Yahoo board Tuesday. The terms aren’t being released but the amount is close to the $100 million we reported earlier. Back in April, we were told by executives dealing with online sports acquisitions that was worth $50-75 million in the context of sports media companies. FIM paid $60 million for competitor in September 2005.

For Yahoo, it’s a substantial investment in media at a time when the company’s every move is under a microscope. Yahoo Sports is part of SVP Scott Moore’s portfolio. He explained the acquisition in an interview Wednesday:

— Moore describes Rivals as “extremely complementary to Yahoo Sports,” filling a collegiate sports gap. (Yahoo has been licensing content from Rivals.) “It’s about investing in our media leadership…. We’re doubling down on the media businesses [within our company].” As for the price, while he wouldn’t discuss details, when asked about the belief in some parts that $100 million is too much, Moore replied, “That’s always a subjective judgment

3 Responses to “It’s Official: Yahoo Acquires; Not Official But True: It Cost About $100 Million”

  1. rob edmunds

    From Mr.Rob Edmunds (President)
    EDMUNDS & Associates Limited

    Good Day SIR,
    I write to you based on a request by an investor and his need for investment/funds Transfer.
    My name is Rob Edmunds Esq. a Financial Consultant/Attorney based in London. I am a South African who naturalized in Ireland.
    My company most times represents the interests of very wealthy Investors/Individuals due to the sensitivity of the position they hold in the society and the unstable investment environment of our country, they evacuate majority of their funds into more stable economies and developed nations where they can get good yield for their money.
    I was recently approached by a Reserved Client of mine, whom I had personally worked with a few years ago when he was a Finance Minister and wants me to source for a reliable and trustworthy individual such as yourself, who will be willing to receive money on his behalf abroad, and at the same time advise on what form of investment that will be embarked with the funds when perfectly received.
    The client has offered these terms:

    1. 25% commission paid to you upon receipt of the funds through the original sum to be transferred. The funds in question are $5Million US Dollars.

    2. Your details will be used to have the funds evacuated and you will stand as the principle owner of the funds and will deal directly with the Remittance institution without the involvement of the Investor.

    If these terms are agreeable to you, kindly let me know and I will provide you with all necessary information and procedures involved.

    Sincerely yours,
    Rob Edmunds ESQ (President)
    EDMUNDS & Associates Limited.

    PS*The client is willing to make available the fund to your possession and in your country within 3 days of confirmation of your capabilities.

  2. This is great buy by Yahoo. Its not some vapour revenue site. Rivals makes cash, delivers viewers and adds plenty of online cred to Yahoo's sports efforts. Very focused audience which is great for ad sales. Great move by Yahoo.