Yahoo has acquired college sports site Rivals.com, says the Associated Press in a story that may have been accidentally published early. The price is not being disclosed, although the rumor is that the deal was closed for around $100 million. Rumors of talks first surfaced in April.
We previously reported on Terry’s involvement in securities fraud and were subsequently threatened with a lawsuit based on that post (the threats were later dropped). Yahoo obviously got comfortable with Terry’s questionable past and his hardball tactics towards anyone writing about that past.
Rivals competitor Scout.com was acquired by Fox Interactive Media in August 2005 for around $60 million.