January 31, 2008 5:34 PM PST

Report: Yahoo to acquire Maven Networks

Posted by Greg Sandoval

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Yahoo will announce that it has acquired Maven Networks, a video-hosting startup, according to a report in the blog TechCrunch.

Citing three unnamed sources, TechCrunch reported that Yahoo has paid about $150 million for the start-up and will announce the deal Thursday or Friday.

Cambridge, Mass.-based Maven Neworks helps media companies present video content on their Web sites. Among the company's customers are Fox News, CBS Sports and CNET Networks, parent company of News.com.

A Yahoo spokesperson declined to comment on "rumor and speculation." Representatives from Maven could not be reached for comment.

Greg Sandoval covers media and digital entertainment for CNET News. He is a former reporter for The Washington Post and the Los Angeles Times. E-mail Greg.

Topics:: Media

Tags:: Yahoo,; Maven Networks,; TechCrunch,; CNET

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