Yahoo to Possibly Produce Sitcoms and Vocus is Being Bought by GTCR Valor Merger Sub Inc. for $446.5 Million
Yahoo! Inc. (NASDAQ: YHOO) shares closed down 3.47% on Monday with nearly 48 million shares traded. The Wall Street Journal reported that CEO Marissa Mayer wants Yahoo to produce sitcoms to air on its rumored new video service. According to those persons familiar with the matter, Mayer wants well-known names from TV to produce four, ten-episode series, and each one budgeted between $700,000 and a few million dollars. Yahoo! Inc. operates as a technology company worldwide. The company offers search products, including Yahoo Search that serves as a starting point to navigate the Internet and