Mike Speiser, President & CEO at Bix, posted a message saying that their contest site was acquired by Yahoo! and he will continue to manage the company with some responsibilities in Yahoo! Groups, 360 and Photos. "I am excited to announce that Bix has signed an agreement to be acquired by Yahoo!" Mike started the announcement.
"This transaction will bring to the Bix community the Web's largest audience -- Yahoo! reaches ~500 million users per month on Yahoo!-branded services worldwide (1 out of every 2 internet users). This is huge folks! It means that every performer on Bix will be performing on essentially the world's largest stage with a potential audience in the hundreds of millions," he added.

"With Bix's platform focused on talent-based competitions combined with Yahoo!'s global audience and leadership in social media, as well as its sales and marketing muscle, we will take Bix to the next level. Expect many more contests with cool prizes, more community features, tons of entertaining content, and integration with many of your favorite Yahoo! services," Mike Speiser also mentioned.

Bix is a company that was founded in January, but went online in August. They currently have 16 employees with 1 million visitors since the release date.