Yahoo rumoured to buy news distribution service
 

The dark satanic rumour mill has manufactured a hell on earth bit of gossip claiming that Yahoo is in preliminary talks to buy online video service News Distribution Network for $300 million.

The rumours appear to have been started by the Wall Street Journal and have been hotly denied by NDN.

NDN spokeswoman Krystal Olivieri was quoted in the Wall Street Journal story as stating that the company was not in talks to be acquired by Yahoo. Reached by phone on Monday, Olivieri declined to comment.

The deal makes a lot of sense for Yahoo. Its CEO e Marissa Mayer is looking for ways to take YouTube down a peg, or two and has made online video a centrepiece of her strategy to get users to spend more time on Yahoo pages and watching ads.

http://news.techeye.net/business/yah...bution-service