Yahoo acquiring content delivery network PeerCDN

Summary:Promising a "completely new kind of CDN," PeerCDN's platform is powered by "pure Javascript" -- meaning no browser plugins required.

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Yahoo pulls trigger on $1 billion-plus Tumblr buy

The Wall Street Journal reported that Yahoo is indeed buying Tumblr for $1.1 billion. This is easily Yahoo CEO Marissa Mayer's biggest move to date.

Chugging right along with its media empire construction plans, Yahoo is in the process of acquiring yet another startup: content delivery network PeerCDN.

The PeerCDN team confirmed the deal on their website on Tuesday.

Promising a "completely new kind of CDN," PeerCDN's platform is powered by "pure Javascript" -- meaning no browser plugins required.

That should certainly help Yahoo's media goals in delivering its news and entertainment content, currently in the works following some major industry hires, from New York Times tech columnist David Pogue to former CBS News anchor Katie Couric.

Yahoo's media plans particularly hinder on being as ubiquitous as possible, especially on mobile. Having the ability to deliver content without requiring software updates and add-ons on the part of the user could open the floodgates for digital adoption and subscriptions considerably.

PeerCDN also touts that its CDN method can reduce bandwidth costs by up to 90 percent by offloading the majority of the hosting burden to site visitors, essentially creating a peer-to-peer network between those visitors to share the burden.

Financial terms of the deal have not been disclosed.

Topics: Networking, Start-Ups, Tech Industry

About

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ... Full Bio

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