Friday, November 17, 2006

Yahoo Buys Bix

Yahoo is buying San Francisco-based contest and user participation site Bix, according to the president and CEO of Bix. Financial terms were not disclosed. According to Mike Speiser, President and CEO of Bix, in a posting on the firm's web site last night, the firm has signed an agreement to be acquired by Yahoo. Bix has raised $6.77M in venture funding from Stanford University, Sutter Hill Ventures, and Trinity Ventures.