Natalie Parkinson
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Yahoo acquires Evntlive

Yahoo announced Friday it had acquired Evntlive, a streaming video startup that broadcasts live concerts and events to online viewers.

The company was founded in 2012 and launched the beta version of its service in April.

As a result of the acquisition, Evntlive will shut down its existing service, and its employees will join Yahoo's video team to work on Yahoo Screen and Yahoo Music, according to a statement made on Evntlive's website on Friday afternoon.