Yahoo Buys VC-Backed Associated Content

Yahoo has acquired Associated Content, a Denver-based online publishing company focused on both professional and user-generated content. AdAge first reported the deal with a $100 million cash pricetag, while Kara Swisher followed up at $90 million.

Associated Content had raised just over $21million in VC funding from Canaan Partners and Softbank Capital. Angel backers included Ron Conway and Tim Armstrong. The most recent infusion was a $6 million Series C round last year at a pre-money valuation just shy of $40 million.