Notice: Trying to access array offset on value of type null in /home/wallstre/public_html/wp-content/plugins/really-simple-facebook-twitter-share-buttons/really-simple-facebook-twitter-share-buttons.php on line 318
Yahoo’s (YHOO) attempt to purchase online video operator News Distribution Network has stalled, and it is unclear if the $350-million deal will be completed, according to Re/code.
Re/code said Yahoo put the talks on hold and that other recent efforts to boost its video operations have likewise been unsuccessful.
Re/code speculated one other possible acquisition target for California-based Yahoo in the video space could be Fullscreen, a YouTube network in Los Angeles. Fullscreen recently hired investment banker Allen & Co. for advice.
In afternoon trade, YHOO was down 0.80% to $33.65.