/// Yahoo Acquires Evntlive, a Concert Streaming Video Service
Yahoo announced Friday it had acquired Evntlive, a streaming video startup that broadcasts live concerts and events to online viewers. The company was founded in 2012 and launched the beta version of its service in April. As a result of the acquisition, Evntlive will shut down its existing service, and its employees will join Yahoo’s video team to work on Yahoo Screen and Yahoo Music, according to a statement made on Evntlive’s website on Friday afternoon. Evntlive had previously raised about $2.3 million in seed funding from investors such as Vint Cerf, Yogen Dalal, Ellen Levy and Steve Wadsworth, among others, according to CrunchBase data . Terms of the acquisition were not disclosed. GigaOm first reported the news.
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Yahoo Acquires Evntlive, a Concert Streaming Video Service