Jul 03, 2009 (Datamonitor via COMTEX) -- Yahoo has announced that is closing its online video service Maven Networks as part of its efforts to shed non-core activities. The move comes less than a month after chief executive Carol Bartz said the company was interested in acquiring more video technology. Maven, which Yahoo acquired last year for $160m, manages and distributes premium online video content for major media companies including CBS, Gannett, and Pearson PLC's Financial Times. Maven is the third video service after Y!Live and Jumpcut the company has closed in the past eight months during which time it has also shut 20 other services...
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