Yahoo agreed to buy Web video editing and publishing site Jumpcut.com on Wednesday, as Internet companies continue to seek ways to compete with YouTube.The move comes nearly four months after the Sunnyvale, Calif., company revamped its own Yahoo Video site, and could foretell further acquisitions in the Web video space. Microsoft recently opened the beta version of its online video-sharing service last week, Soapbox on MSN Video, while AOL unveiled a revamped video portal in late July to strengthen its position against YouTube and Google Video.Yahoo and Jumpcut both announced the deal on company blogs, and Jumpcut even made a short video to commemorate the event. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe The video site will join a host of other Yahoo properties, including Flickr and Del.icio.us. The deal will help Jumpcut reach a broader audience, and gain “more creators, more content and more exciting things to do,” it said. Yahoo said Jumpcut would be part of the Yahoo Video family, indicating that the online Web video service would not replace Yahoo’s own video service.Terms of the deal were not disclosed. Jumpcut was founded and run by MiraVida Media, a San Francisco company. YouTube thrashed all rivals in a count of U.S. visitors from Hitwise earlier this year, with 43 percent of traffic to video sites, nearly double the share of runner-up MySpace.com. Myspace, in turn, held twice as much market share as the third- and fourth-place video sites, Yahoo and MSN. In a more recent survey earlier this month, YouTube captured 60 percent of all U.K. online video traffic.-Dan Nystedt, IDG News Service (Taipei Bureau)Related Links: Microsoft Tests YouTube Competitor AOL Trials Enhanced Video PortalCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature 10 digital transformation questions every CIO must answer Impactful DX requires a business-centric approach supported by the right skills, culture, and strategy. Here’s how to assess whether your digital journey is on the path to success. By Mary K. Pratt Sep 25, 2023 12 mins Digital Transformation Digital Transformation Digital Transformation feature Rockwell Automation makes shift to ‘as-a-service’ model Facing increasing competition from cloud hypervisors that see manufacturing as prime for disruption, the industrial automation giant has undertaken a major transformation to add subscription software services to its core business. By Paula Rooney Sep 25, 2023 6 mins Manufacturing Industry Digital Transformation IT Strategy brandpost Fireside Chat between Tata Communications and Tata Realty: 5 ways how Technology bridges the CX perception gap By Tata Communications Sep 24, 2023 9 mins Emerging Technology feature Mastercard preps for the post-quantum cybersecurity threat A cryptographically relevant quantum computer will put everyday online transactions at risk. Mastercard is preparing for such an eventuality — today. By Poornima Apte Sep 22, 2023 6 mins CIO 100 Quantum Computing Data and Information Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe