Yahoo Acquires Rivals for $100 million
Written by on June 20th, 2007 in Ajax News.
Yahoo has acquired college sports site Rivals.com, says the Associated Press in a story that may have been accidentally published early. The price is not being disclosed. Rumors of talks first surfaced in April.
We previously reported on Terry’s involvement in securities fraud and were subsequently threatened with a lawsuit based on that post (the threats were later dropped). Yahoo obviously got comfortable with Terry’s questionable past and his hardball tactics towards anyone writing about that past.
Rivals competitor Scout.com was acquired by Fox Interactive Media in August 2005 for around $60 million.
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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/126578871/