Yahoo has acquired college sports site Rivals for around $100 million after many months of negotiations that were delayed following publication of details that alleged Rivals CEO Shannon Terry had been involved in a securities fraud case in 1998.
PaidContent reports that the Yahoo board signed off on the deal Tuesday.
The acquisition path has been a long one for Rivals. Fox was interested in the company but killed a deal to acquire Rivals at the 11th hour after uncovering the alleged issues in Terry’s past. AOL was supposedly close to acquiring Rivals as well for $90 million with the issues with Terry scuttling that deal as well. Third time lucky for Rivals with Yahoo with the Terry issue not coming into play; certainly Yahoo was aware of it before signing off on the deal, presuming someone there reads TechCrunch.
Rivals.com runs a subscription model that sees 185,000 subscribers pay $9.95 a month for access.
PaidContent reports that the Yahoo board signed off on the deal Tuesday.
The acquisition path has been a long one for Rivals. Fox was interested in the company but killed a deal to acquire Rivals at the 11th hour after uncovering the alleged issues in Terry’s past. AOL was supposedly close to acquiring Rivals as well for $90 million with the issues with Terry scuttling that deal as well. Third time lucky for Rivals with Yahoo with the Terry issue not coming into play; certainly Yahoo was aware of it before signing off on the deal, presuming someone there reads TechCrunch.
Rivals.com runs a subscription model that sees 185,000 subscribers pay $9.95 a month for access.
