Andre Yoskowitz
1 Apr 2014 14:35
According to multiple sources, Yahoo is in talks to acquire the major online video service News Distribution Network (NDN), a move that fits right in-line with the company's reported plans to create a video content service to rival YouTube.
The portal site could pay up to $300 million for NDN, and the sources claim the talks are still in preliminary stages.
NDN was quick to deny the rumors, as is standard, stating "We are not in talks to get acquired by Yahoo at this time."
The video service gives news outlets and Web publishers clips about news, sports, politics and other major topics and owning NDN could help Yahoo significantly by expanding its video offerings to thousands of new partners. The company has a catalog of over 100,000 videos, most from local TV news stations. It sells the videos to major news outlets like Bloomberg, and also sells ads to accompany the videos. NDN had 573 million video views in January, making it the fourth-largest video service on the planet.