Yahoo Acquires Online Concert Service Evntlive

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By Seth Fiegerman2013-12-06 22:19:25 UTC

Yahoo has acquired Evntlive, an online platform for live concerts, the two companies announced Friday. Terms of the deal were not immediately disclosed.

Evntlive was founded in late 2011 and launched in beta in April 2012 after raising $2.3 million in funding from notable investors including Vint Cerf, often referred to as one of the fathers of the Internet. Like many of the companies Yahoo has acquired over the past year, Evntlive will be shutting down and the team will work on Yahoo projects.

See also: The 20 Startups Marissa Mayer Has Acquired at Yahoo

"Since launching our beta service in April 2013, we have live streamed hundreds of performances from amazing artists and festivals to fans all over the world," the company wrote on its website. "Although our service will no longer be available, we are excited to be joining Yahoo's video team."

Yahoo confirmed the acquisition in a statement provided to Mashable.

"The team has found a way to truly make an experience out of live-streaming and we’re excited to welcome them to Yahoo," a rep said. "We see a lot of potential for how we can expand upon our shared vision for an entertaining content consumption experience."

The acquisition is particularly interesting in light of the recent news that Yahoo hired Katie Couric, a longtime TV network anchor, to be a "global anchor" for the web portal.

Image: Justin Sullivan/Getty

Topics: Business, Startups, Yahoo