Yahoo!'s (NASDAQ:YHOO) CEO Marissa Mayer recently penned a press release announcing that the rights to the entire 38-year history of Saturday Night Live was now the property of Yahoo!. While extolling the rich history on the comedy options available from SNL, Mayer only said that more news would follow when content was officially made available on the company's sites. At a time when Yahoo! is working to reinvigorate its base, the content should help it to differentiate itself from Google (NASDAQ:GOOGL) and Microsoft's (NASDAQ:MSFT) Bing.

In the video below, Fool.com contributor Doug Ehrman discusses the details of the acquisition and what it might mean for Yahoo! moving forward.

Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool recommends Google. The Motley Fool owns shares of Google and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.