Yahoo Acquires Online Concert Service Evntlive

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

"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." Read more...