Yahoo Weighs $300M Acquisition Of News Distribution Network: Report

This would be an interesting move for Yahoo if what The Wall Street Journal refers to as “preliminary talks” to buy NDN bear fruit. NDN syndicates videos from TV stations and other producers to online services for newspapers and news services including the Associated Press, the Los Angeles Times, the New York Daily News, and Bloomberg. NDN says it’s the No. 5 online video platform, with more than 49M unique monthly viewers. Backers include Google Chairman Eric Schmidt’s TomorrowVentures, actor Bill Murray and baseball legend Reggie Jackson. On the surface, it looks like a perfect puzzle piece for Yahoo CEO Marissa Mayer in her effort to turn her company into an online video power, drawing ad revenues from TV among other sources. But will a deal take place? The paper includes the usual caveats that talks are “still early and a deal may not be reached for several weeks or may fall apart.” Still, it must be confident about its information, attributed to “two people who have been briefed on the matter and asked to not be named.” It quotes an NDN rep who straight-out denies talks are taking place.

Related: Yahoo Shares Fall Despite Stronger-Than-Expected Q4

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