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New Deal


Announced

Completed

Yahoo completed the acquisition of Artifact.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

news aggregation

news discovery

AI solutions

AI solutions

Digital Services

Acquisition

Private

Domestic

Majority

Completed

Friendly

Single Bidder

Synopsis

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Yahoo, an American web services provider, completed the acquisition of Artifact, the AI-driven news aggregation and discovery platform. Financial terms were not disclosed. "We built an intuitive product experience that users love and has the opportunity to benefit millions of people. Yahoo brings the scale to help the product achieve what we envisioned while upholding the belief that connecting people to the trusted sources of news and information is as critical as ever. AI has allowed us to give users a better experience discovering great content they care about. Yahoo recognizes that opportunity, and we could not be more excited to see what we’ve built live on through Yahoo News," Kevin Systrom, Artifact CEO and Co-Founder.

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