Yahoo plans to buy Bix.com, a Web site that lets users create online contests, as part of its push into offering more online social media services.
Mike Speiser, Bix.com's president and chief executive, posted a note on the Web site announcing the planned acquisition. The deal will help create a larger audience for Bix users, he said.
Bix.com users create contests and then ask others to submit entries. Contest subjects include lip-synching, photography, dance, beauty and many others. Viewers cast votes and winners can receive prizes if the contest creator offers one. Some contests are sponsored by companies that view them as promotional opportunities.
In a Yahoo blog posting on Thursday, Bradley Horowitz, Yahoo vice president of product strategy, described the site as offering American Idol fans the opportunity to play the role of the show's producer, a contestant and Simon Cowell, a popular judge on the amateur singer contest TV program.
Acquisitions On The Rise
Once Bix.com becomes part of Yahoo, users can expect more community features and more entertaining content, Speiser said. In addition, Yahoo is already looking into how it might integrate Bix with other offerings such as Yahoo Groups, Yahoo Messenger and Yahoo Video, Horowitz said.
Bix.com, founded in January, joins several other social media companies acquired by Yahoo including Flickr, Jumpcut, Del.icio.us and Upcoming.org.
Yahoo competitor, Google, has also been aggressively pushing into the entertainment and social online offerings arena. Google recently bought YouTube, the popular online video sharing site.
Speiser will become vice president of community for Yahoo's communities group. Speiser was one of the founders of Epinions, a popular Web site that lets users share their experiences using a wide range of products that they've bought.