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New Deal


Announced

Completed

Yahoo completed the acquisition of Artifact.

Synopsis

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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