Yahoo Buying a High School and College Sports Network

Just one
day after the management shake-up at Yahoo, the company’s board was called on
to make a decision that had nothing to do with the resignation of Terry S.
Semel as chief executive or the appointment of the co-founder Jerry Yang to
succeed him.

The board voted Tuesday to approve the
acquisition of Rivals.com, an online network focused on college and high school
sports, a deal the company plans to announce today.

The move
is intended to bolster Yahoo’s position as an online destination for sports
fans, where it competes with ESPN.com, Foxsports. com and others.

NY Times