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

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