Tuesday, June 14, 2005

Yahoo! Buys Internet Phone Provider

An AP newswire article by Rachel Konrad, via Yahoo! News, reveals that:

Yahoo Inc. 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.

The companies would not release financial details of the deal, which closed Monday.

The Internet's 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.


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