Yahoo Acquires Video Streaming Service RayV
The Israeli company will join Yahoo's R&D center in Tel Aviv.
Yahoo is bolstering its video streaming capabilities with the acquisition of RayV, an Israeli company that has developed video distribution technology for the web and mobile platforms.
The Sunnyvale tech company announced the acquisition on its blog but did not disclose terms of the deal. Most of the RayV team will join the Yahoo R&D center in Tel Aviv.
"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," wrote P.P.S. Narayan, Yahoo's vp cloud platforms and services. "This deal demonstrates our dedication to accelerating our video strategy and boosting our underlying technology infrastructure in the space.