Yahoo! acquires RayV
Yahoo! has acquired online video streaming company RayV, which is known for distributing video to mobile devices. Founded in 2005, RayV is focused on distributing HD quality video to mobile devices. The terms of the deal were undisclosed.
“Yahoo is focused on growing video users and monthly streams, and while we’re only getting started, we’re very focused on this in 2014,” said Yahoo in an announcement.
Yahoo! will use RayV’s service to improve Yahoo!’s underlying technology infrastructure. Most of RayV’s employees will join Yahoo!’s R&D center in Israel.