Netspace, the web development company that makes it easy to get started on a new website, has been acquired by Yahoo.
Yahoo acquired Netspace for $6.2 billion, bringing its revenue to $16 billion.
This acquisition is another example of the growth of the web in the last few years, as developers have found more ways to build websites.
The acquisition of Netspace will enable Yahoo to expand its efforts into web development.
Yahoo has been a pioneer in the online advertising market with its purchase of AOL in 2004.
The deal will give Yahoo more control over the development of its own products, and it will allow Yahoo to leverage its wealth of experience in the advertising market.
Yahoo will also become the only company to own a web development business, which will enable it to compete on a much wider range of platforms, including mobile devices, tablet computers, and even smartphones.
The acquisition is expected to close by the end of the year.
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