purchased

Yahoo has purchased Bix.com an online site devoted to allowing users to rate and share photos, video, singing, writing, dance, comedy and beauty. Users compete in contests for prizes ranging from cash to other corporate incentives.

The development, launch, growth and (minor) failure of Odeo, is a strange story. When the company, founded by Blogger co-founder Evan Williams, launched back in February of 2005, it raised $5 million in VC, but never really raised our attention.

Peribit Networks announced today that Calpine has purchased and deployed Peribit Sequence Reducers. Calpine's WAN optimization initiative, which included Peribit equipment, enabled Calpine to save $3.5 million per year in communications costs, providing a four-month ROI, and increase application performance by replacing its frame relay service with a WAN VPN service.