CNET: Yahoo shutters enterprise software division

Yahoo shuttered its business division, drawing to conclusion a long and expensive experiment with ill-defined video streaming products. The division, created with the $5 billion acquisition of Broadcast.com in 1999, created great excitement among investors who thought the combination of the Internet's best brand at the time and expansion into television-like media just had to make some sort of sense.

In the course of the last four years, however, the early user studies have been proving out, showing that users and businesses have relatively little use and very little desire to pay for video services. Other elements of the business division, like the enterprise instant messaging application, will be parceled out to related consumer divisions.