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Yahoo to Acquire Online Talent Competition Site Bix.com

Authored by Mark Hefflinger on November 17, 2006 - 1:28pm.
San Francisco - Yahoo plans to acquire Bix.com, a site that lets anyone create an online talent contest, for an undisclosed sum, The New York Times reported on Friday. Palo Alto, Calif.-based Bix was founded in January and launched its service in August, having raised $6.8 million in venture capital.

Yahoo plans to maintain Bix's independent website while merging its features with its own Yahoo Groups, Yahoo 360 and photo-sharing site Flickr.

"This transaction will bring to the Bix community the Web's largest audience -- Yahoo reaches 500 million users per month on Yahoo-branded services worldwide (1 out of every 2 internet users)," Bix president and CEO Mike Speiser wrote in a note on Bix.com. "This is huge folks! It means that every performer on Bix will be performing on essentially the world's largest stage with a potential audience in the hundreds of millions."

Speiser will become vice president for community at Yahoo, The Times reported.

Related Links:
http://www.nytimes.com/2006/11/17/technology/17yahoo.html
http://www.bix.com/message
tags: Deals | Internet | Marketing | Yahoo | Acquisitions | Contests | Portals | UGC | Bix |



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