finance

Yahoo is buying a fantasy sports company co-founded by an MIT graduate whose card-counting skills helped him win millions of dollars in blackjack and spawned a film and a best-selling book.

Citizen Sports offers fantasy leagues for sports such as football, soccer and basketball that fans can manage online at social-networking sites and through mobile applications for Apple's iPhone and smart phones running Google Inc.'s Android operating software.

Suzanna Andrews in Vanity Fair:

AOL has closed on its acquisition of StudioNow, a provider of video creation, distribution and storage technology. AOL, which recently spun out of media giant Time Warner, said Monday that it paid nearly $36 million in cash and stock for the Nashville, Tenn.-based StudioNow.

AOL will use StudioNow's assets to add video capabilities to its Seed.com content-management system.

CA said Monday it has acquired privately held Oblicore, which produces Service Level Management (SLM) software for more than 120 enterprises and service providers, including AT&T, ABN AMRO, British Telecom, Lufthansa and Siemens Medical Solutions. The financial terms were not disclosed.

CA Vice President Jay Fry said the acquisition combines a unique top-down approach to SLM and a strong metrics correlation engine with the CA portfolio of IT management products.

David Schneider<