Yahoo buys online contests site Bix.com

Company lasted 3 months before being bought out

17 November 2006 19:58 GMT / By Stuart Miles

As the web buyouts continue with apace, Yahoo has announced it has bought internet start-up Bix.com a site that allows users to compete online polls in all manner of areas including online karaoke contests, and rate each other’s videos and photos.

As if a sell off was anticipated from the start, the company was only started in August, 3 months ago, however that hasn't stopped them getting over 1 million users.

The site allows companies to sponsor and give out prizes in its contests and competitions.

The move is the latest in a long line of acquisitions by Yahoo in recent years including flickr, del.icio.us and Jumpcut.

“This transaction will bring to the Bix community the Web's largest audience. It means that every performer on Bix will be performing on essentially the world's largest stage with a potential audience in the hundreds of millions”, Mike Speiser, the company's President said in a statement on bix.com

“With Bix's platform focused on talent-based competitions combined with Yahoo's global audience and leadership in social media, as well as its sales and marketing muscle, we will take Bix to the next level.”

Financial details of the deal were not disclosed.