In an over $100 Million deal, Yahoo acquired Associated Content (a company valued at over $65 Million). My news today is a little sad for me because I have written for Associated Content since 2006. Needless to say, the buy-out deal which netted AC that hefty sum previously mentioned, has created quite the stir amongst Associated Content writers, wondering what the future will bring.
Yahoo has bought out a number of companies over the years with dismal results, so we’ll see…
The goal apparently, in Yahoo’s eyes, is to combine their high-level AP generated news with Associated Content’s prolific and local content so that Yahoo will finally have a monopoly on all aspects.
Yahoo is slated to take down the Associated Content website during the third part of the acquisition, which is rumored to occur in late September. After that point, all of the articles that exist on the AC website will be sprinkled throughout Yahoo’s various news and local content sections.
Some Further Reading on the topic:
Check out some of the content on AC here and let me know your thoughts on this, while you’re at it, take the poll below. I would love to get your opinion.