Yahoo is to pay $80 million in stock to acquire Online Anywhere, a Web delivery software provider for non PC appliances.
The Online Anywhere service will enable Yahoo users in the US to optimise the display of Yahoo personalised content retrieved from TV based Internet appliances. This will include Webtv and Pocket Internet Explorer, as well as wireless devices, pagers and mobile phones.
"Online Anywhere is consistent with our 'Yahoo Everywhere' strategy," said Tim Koogle, Yahoo's chairman and chief executive officer.
The partnership between the two companies was initiated in April this year, when Yahoo agreed Online Anywhere to employ it's Author Once, View Anywhere service, which automatically reformats and delivers HTML Web pages to non PC devices.
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