Web destination Yahoo! has bolstered its content handling capabilities by acquiring P2P network host PeerCDN. Terms of the transaction have not been disclosed.

PeerCDN – currently in beta – hosts peer-to-peer networks, which allow users to share photos and downloads that don’t breach federal copyright guidelines, aiming to speed data transfer times in the process.

PeerCDN’s founders – John Hiesey, Feross Aboukhadijeh and Abi Raja – issued the following statement:

“When we started PeerCDN, our vision was to build a next-generation content delivery network — cheaper, faster, and easier than existing solutions. As PeerCDN grew, we found that many developers were ecstatic about fast response times and reduced bandwidth costs, but even more were excited by the new experiences that order-of-magnitude cheaper bandwidth would enable.

Today, we are thrilled to announce that we are joining Yahoo. We’ve found that they share our passion for excellent web experiences, as well as our love for web technologies like WebRTC, HTML5, and JavaScript. We’re excited by the possibilities — together we’ll be able to create even more amazing web experiences.

We want to thank all of our awesome beta testers for their feedback, as well as Mozilla for their support through the Ignite Challenge, and Lightspeed Ventures for their advice and support through the Summer Program. And of course, we couldn’t have done this without the incredible support of our friends and family.

We’re so excited about this next step in our journey and we can’t wait to share our progress with you.

Happy hacking,

Feross, Abi, and John

Founders, PeerCDN”

“The team has a solid background in domain expertise and a passion for video that makes them a perfect fit for Yahoo!,” said a Yahoo! spokesperson.

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