Yahoo Ups the Ante in Online Advertising
In an on-going effort to remain competitive with ever-evolving search leader Google, Yahoo is increasing its stake in the online advertising arena by turning its 20 percent hold in Right Media Group, purchased in October of 2006, into full ownership.
Right Media has become a high-stakes leader in the online advertising industry, allowing advertisers and online publishers to interact in online ad sales in a manner similar to eBay, offering an innovative open exchange to help buyers and sellers trade digital media more efficiently. Participants are able to make direct transactions with one another at fair market value.
Yahoo reportedly paid $680 million in cash for the remaining 80 percent of Right Media ownership.
Yahoo! chairman and CEO Terry Semel said in a statement that the acquisition of Right Media will further Yahoo's goal to create the industry's most open, accessible and vibrant advertising marketplace. This will then help democratize the buying and selling of digitally enabled advertising.
The purchase of Right Media falls right into accordance with Yahoo’s long-term business plan to build the industry's foremost advertising and publishing unit, in addition to its traditional search offerings.
Google announced just weeks ago that that it had agreed to purchase DoubleClick for $3.1 billion. Google also has a new partnership with EchoStar for TV advertising.
Right Media has become a high-stakes leader in the online advertising industry, allowing advertisers and online publishers to interact in online ad sales in a manner similar to eBay, offering an innovative open exchange to help buyers and sellers trade digital media more efficiently. Participants are able to make direct transactions with one another at fair market value.
Yahoo reportedly paid $680 million in cash for the remaining 80 percent of Right Media ownership.
Yahoo! chairman and CEO Terry Semel said in a statement that the acquisition of Right Media will further Yahoo's goal to create the industry's most open, accessible and vibrant advertising marketplace. This will then help democratize the buying and selling of digitally enabled advertising.
The purchase of Right Media falls right into accordance with Yahoo’s long-term business plan to build the industry's foremost advertising and publishing unit, in addition to its traditional search offerings.
Google announced just weeks ago that that it had agreed to purchase DoubleClick for $3.1 billion. Google also has a new partnership with EchoStar for TV advertising.
Labels: eBay, google, online advertising, Yahoo






