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Yahoo buys Israeli streaming startup RayV

High-quality video platform ‘perfect fit’ for internet corporation’s foray into on-demand entertainment market

Yahoo announced Friday it has bought an Israel-based startup specializing in streaming high-quality video to computers and mobile devices

Yahoo did not disclose financial terms of the deal to acquire RayV, which will become part of the California company’s research and development team in Tel Aviv.

“The (RayV) team lives and breathes video, and have become industry pioneers,” Yahoo said in a Tumblr post.

Read the full article at timesofisrael.com