Yahoo! Chalks Out $100 Million For Rivals.com

Jun 21, 2007 | 2,239 views | by Navneet Kaushal
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In a move that is seen as the new Yahoo! CEO Jerry Yang"s first big beal, AP reports that Yahoo! has purchased Rivals a portal that has the latest on collegiate sports.

rival1 Yahoo! Chalks Out $100 Million For Rivals.com "The Rivals.com deal will intensify Yahoo's competition with News Corp.'s online division, which already owns a similar site called Scout.com. Although Yahoo began negotiating with Rivals.com while Semel was still in command, the acquisition papers weren't signed until Yang's second day as CEO, said Scott Moore, a Yahoo senior vice president who oversees its news division. «Jerry is very excited about it,» Moore said. Both Rivals.com and Scout.com cater to obsessive sports fans who want to know every detail about their favorite college sports teams. The users of these sites typically are alumni of the colleges, major financial contributors to the athletic programs, or both."

Rivals has 185,000 subscribers while Yahoo's sports category attracted 15.1 million visitors in May this year, only to rank second after ESPN's 17.6 million, informs Media Metrix. Tech Crunch informs that according to the grapevine that the sum of the purchase was $100 million.

4.thumbnail Yahoo! Chalks Out $100 Million For Rivals.com

Navneet Kaushal

Navneet Kaushal is the founder and CEO of PageTraffic, an SEO Agency in India with offices in Chicago, Mumbai and London. A leading search strategist, Navneet helps clients maintain an edge in search engines and the online media. Navneet's expertise has established PageTraffic as one of the most awarded and successful search marketing agencies.
4.thumbnail Yahoo! Chalks Out $100 Million For Rivals.com
4.thumbnail Yahoo! Chalks Out $100 Million For Rivals.com