42244 0 3 econsultancy_xml <p>It is also another indication of Yahoo’s acquisition strategy, having previously bought other social media sites, including photo-sharing site flickr, bookmarking site del.icio.us and video-editing site Jumpcut. <br /><br />The search engine company has previously been <a href="/blog/270-yahoo-reportedly-close-to-facebook-deal">rumoured to be looking at Facebook</a>. </p> <p>Bix was headed by Mike Speiser, who previously co-founded dot-com era start-up <a href="http://www99.epinions.com/">Epinions.com</a>. The company raised a whopping $6.77 million in funding from Sutter Hill Ventures, Trinity Ventures and Stanford before its launch. </p> <p>Mike Speiser explained the deal on Bix.com:</p> <blockquote> <p> <em>“This transaction will bring to the Bix community the Web's largest audience. It means that every performer on Bix will be performing on essentially the world's largest stage with a potential audience in the hundreds of millions.”</em> </p> <p> <em>“With Bix's platform focused on talent-based competitions combined with Yahoo's global audience and leadership in social media, as well as its sales and marketing muscle, we will take Bix to the next level.”</em> </p> </blockquote> <p>Financial details of the deal were not dislosed, but this acquisition represents an amazing turnaround time for a site which launched just three months ago. </p> <p>Interesting too that Yahoo is continuing to buy social media sites, built around communities and user-generated content.<br /><br /><strong>Further reading:</strong><br /><a href="/blog/308-should-web-2-0-startups-seek-venture-capital">Should Web 2.0 startups seek venture capital?</a></p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph>It is also another indication of Yahoo’s acquisition strategy, having previously bought other social media sites, including photo-sharing site flickr, bookmarking site del.icio.us and video-editing site Jumpcut. <LineBreak /><LineBreak />The search engine company has previously been <Link URL="/blog/270-yahoo-reportedly-close-to-facebook-deal" Window="New">rumoured to be looking at Facebook</Link>. </Paragraph> <Paragraph>Bix was headed by Mike Speiser, who previously co-founded dot-com era start-up <Link URL="http://www99.epinions.com/" Window="New">Epinions.com</Link>. The company raised a whopping $6.77 million in funding from Sutter Hill Ventures, Trinity Ventures and Stanford before its launch. </Paragraph> <Paragraph>Mike Speiser explained the deal on Bix.com:</Paragraph> <Block> <Paragraph> <Quote>“This transaction will bring to the Bix community the Web's largest audience. It means that every performer on Bix will be performing on essentially the world's largest stage with a potential audience in the hundreds of millions.”</Quote> </Paragraph> <Paragraph> <Quote>“With Bix's platform focused on talent-based competitions combined with Yahoo's global audience and leadership in social media, as well as its sales and marketing muscle, we will take Bix to the next level.”</Quote> </Paragraph> </Block> <Paragraph>Financial details of the deal were not dislosed, but this acquisition represents an amazing turnaround time for a site which launched just three months ago. </Paragraph> <Paragraph>Interesting too that Yahoo is continuing to buy social media sites, built around communities and user-generated content.<LineBreak /><LineBreak /><Emphasis>Further reading:</Emphasis><LineBreak /><Link URL="/blog/308-should-web-2-0-startups-seek-venture-capital" Window="New">Should Web 2.0 startups seek venture capital?</Link></Paragraph> </FormattedContent> 2006-11-17T15:07:00+00:00 0 1 econsultancy_xml <p> <strong>Yahoo has announced the acquisition of Bix.com, a site which allows users to compete in online karaoke contests, and rate each other’s videos and photos. </strong> </p> <p>Incredibly, <a href="http://www.bix.com/">Bix.com</a> only launched in August, though in those three months it has acquired over 1 million users. The site allows companies to sponsor and give out prizes in its contests and competitions. </p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph> <Emphasis>Yahoo has announced the acquisition of Bix.com, a site which allows users to compete in online karaoke contests, and rate each other’s videos and photos. </Emphasis> </Paragraph> <Paragraph>Incredibly, <Link URL="http://www.bix.com/" Window="New">Bix.com</Link> only launched in August, though in those three months it has acquired over 1 million users. The site allows companies to sponsor and give out prizes in its contests and competitions. </Paragraph> </FormattedContent> false 535 362169 Yahoo buys online contests site Bix.com false 2006-11-17T17:06:00+00:00 yahoo-buys-online-contests-site-bix-com 2009-04-30T06:20:12+01:00 2009-04-30T06:20:12+01:00 253