May 18, 2010
Yahoo Snaps Up Associated Content for $90 Million to Counter AOL and Demand Media
Yahoo, in a clear attempt to get deep into the social content space and better compete with both AOL and Demand Media, announced the acquisition of Associated Content.
Sources close to the situation said the price was $90 million in cash, which is a solid outcome for Associated Content, which was competing in a very crowded space.
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I'm a high school dropout, the long-term CEO of blip.tv and a former warblogger.
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