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Friday, January 18, 2008

Yahoo! To Purchase Israel's FoxyTunes

After previously forming alliances with Walla!, it looks as if Yahoo! is deciding whether or not to buy out FoxyTunes, a company based in Israel.

(TechCrunch) Rumors popped up here in Silicon Valley that Yahoo is in negotiations to buy Israel-based FoxyTunes.

The Foxytunes core service is a Firefox plugin that allows users to control their favorite media players from the browser. It has a small but loyal following, who also use their tangential services (an email/blog signature tool and FoxyTunes Planet, a site that aggregates music information).

Since Yahoo! already is investing its resources into music, FoxyTunes makes a perfect purchase for the media/tech giant. While Google still holds the reigns as the champ in Israel, hopefully Yahoo!'s entrance can shake things up a bit in an already competitive market place.

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