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Yahoo! to go Anywhere
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June 2, 1999: 11:17 a.m. ET
Web portal acquires Online Anywhere to extend reach beyond PCs
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NEW YORK (CNNfn) - Yahoo! Inc. Wednesday agreed to acquire Online Anywhere for $80 million in stock in a move designed to extend the Web portal's reach beyond personal computers.
Online Anywhere provides Web delivery solutions for non-PC appliances, such as pagers, data phones and Internet-enabled television sets.
Several industry players are gearing up for delivery of Internet services to non-PC devices, particularly as wireless and cable-based Internet access begin to enter the mainstream.
"Online Anywhere is consistent with our Yahoo! Everywhere strategy," said Tim Koogle, Yahoo! (YHOO) chairman and chief executive officer.
"This acquisition, and the emerging market for non-PC devices over the next couple years, positions Yahoo! to again anticipate and meet the needs of our tremendous consumer base, while extending the distribution platform we offer our hundreds of content, communications and commerce partners," he said.
Yahoo! shares were down 3-13/16 at 134-3/8 in morning trade. 
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