Following rumors that surfaced back in May, Yahoo has officially acquired RayV, a Cali-based video streaming start-up that specializes in delivering high-quality video streams to a large audience. It makes sense for Yahoo to acquire RayV’s HD broadcasting platform with the aim of improving its streaming tech. After all, competition in current OTT video market is already quite fierce, and Yahoo would need more than a new season of cult favorite Community to help establish Yahoo Screen’s market awareness and presence.
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