From Yahoo! Media Relations: “Yahoo! Announces Agreement to Acquire Rivals.com, a Leading College Online Sports Site“:

Yahoo! Inc., a leading global Internet company, today announced that it has entered into a definitive agreement to acquire Rivals.com, the leading online destination for college and high school sports and recruiting information. The acquisition will significantly expand the community offerings and open publishing capabilities of Yahoo! Sports, which has the most engaged sports audience on Internet. Financial terms were not disclosed.

According to paidContent, the undisclosed financial terms are most likely somewhere in the $100 million range. Rivals.com will remain an independent brand but will be integrated into Yahoo! Sports and senior management has agreed to stay on board.

Yahoo! is starting to get better at buying other businesses. I think Rivals.com fits into the Yahoo! portfolio very well and will certainly bolster their online position. Good job, Yahoo!

- Matt

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