Yahoo Squeezes In Another Acquisition With PeerCDNBy: Chris Crum - December 18, 2013
Yahoo has acquired yet another company. How many times am I going to have to type that in 2013?
This time it’s PeerCDN, a content delivery network. The company announced the news in a message on its homepage:
When we started PeerCDN, our vision was to build a next-generation content delivery network — cheaper, faster, and easier than existing solutions. As PeerCDN grew, we found that many developers were ecstatic about fast response times and reduced bandwidth costs, but even more were excited by the new experiences that order-of-magnitude cheaper bandwidth would enable.
Darrell Etherington at TechCrunch suggests that the acquisition could be used to help fix Yahoo Mail downtime-related errors, which plagued the company last week. CEO Marissa Mayer has publicly apologized for the issues.
But this appears to only be speculation.It’s unclear exactly what Yahoo really plans to do with the acquisition.
Yahoo has acquired somewhere in the ballpark of 25 companies in 2013, and has not been slowing down as the year comes to an end. Last week, we learned that the company picked up staff from QuikIO, and before that, it acquired Ptch.
Terms of the deal were not disclosed.