July 1, 2007

Yahoo Acquires Rivals.com

Yahoo announced that it has entered into a definitive agreement to acquire Rivals.com, the leading online destination for college and high school sports and recruiting information. The acquisition will significantly expand the community offerings and open publishing capabilities of Yahoo! Sports, which has the most engaged sports audience on Internet. Financial terms were not disclosed.
Rivals.com is a leading online provider of college and high school sports and recruiting information, primarily focused on football and basketball. The locally-driven open publishing network will complement the offerings of Yahoo! Sports, which are currently focused on coverage of national sports stories, as well as fantasy sports games and information. Rivals.com maintains a network of more than 150 individual websites, which attract approximately 2 million fans each month. Because the Rivals.com network also attracts an active community of users on each site, the acquisition will play an important role in building on Yahoo!'s mission to connect its users to their communities.