Sure enough, it’s just been made official.
Built in 2005 as something of a Joost competitor, RayV’s specialty lies in delivering high-quality video streams to a lot of people. Yahoo is in the middle of a huge effort to up their video game, doing things like reviving Community to prove they’re in it — so this move to improve their video streaming tech makes a lot of sense (especially after Yahoo’s attempts to nab Hulu or DailyMotion both fell apart).
Details of the deal are still under wraps; as usual, we’re digging for more and will update this story if/when we hear anything else. RayV had raised roughly $16M to date.