Yahoo snaps up live streaming event startup

Yahoo is stocking its online-video war chest. On Friday, the concert streaming startup Evntlive announced on its blog that it had been acquired by the Sunnyvale, Calif.-based tech giant. The startup will shut down its service to join Yahoo’s video team. 

Yahoo is closing out its week with another acquisition, this time of live concert streaming platform Evntlive. First reported by GigaOm, the deal will see the startup shut its doors, with the team joining the Sunnyvale-based company. The financial terms of the deal were not disclosed.

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