Yahoo! Buys Internet Phone Provider
Yahoo said Tuesday it had acquired DialPad Communications Inc a 6-year-old company whose software lets people to place calls over the Internet for a fraction of the cost of regular telephone service.
Yahoo continues to add to its product range in an effort to be a sole source provider of internet based services to its users.
This is the second VOIP purchase that Yahoo has made in the last month signaling its intention to aquire suitable products that they can add to their stable as they become available.
The companies would not release financial details of the deal, which closed Monday.
The Internets leading portal will use DialPad to expand its product array in the burgeoning niche of Voice over Internet Protocol, or VoIP, said company spokeswoman Joanna Stevens.
This Associated Press report explains the purchase in more detail.
