Yahoo boosts stake in wired home
Seeking an invitation into customers’ homes, Yahoo acquired a software company that specializes in delivering digital music, photos and video into living rooms.
Yahoo announced Tuesday that it purchased Meedio, a Houston-based software company, for an undisclosed amount. According to a note posted on Meedio.com, Yahoo purchased the rights to most of the company’s technology and all its intellectual property but not its products.
Yahoo plans to fold Meedio’s technology into its Digital Home team, Meedio’s note read. Among the technologies Meedio developed is one that let people organize and access digital music and video with their TV and remote control.
“Meedio provides the 10-foot interface,” said Nitin Gupta, an analyst at The Yankee Group. “Meedio will link together Yahoo’s disparate offerings so that users can access them from their couch.”
Read more: ZDNet