Yahoo Expected To Acquire Atlanta Based News Distribution Network For Up To $400M

Yahoo Expected To Acquire Atlanta Based News Distribution Network For Up To $400M

Yahoo is expected to acquire Atlanta based News Distribution Network Inc, reportedly offering between $300 million and $400 million for the online video technology company, according to a source.

The Sunnyvale, California-based Internet giant is continuing its efforts to boost its struggling online ad business and expects to expand its operations in Atlanta following the deal.

Privately held NDN’s annual revenue, said to be approaching about $70 million, has more than doubled year-over-year in recent years, sources said
Calls to NDN on Monday afternoon was not returned. Yahoo declined comment.

www.newsinc.com

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