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Yahoo! (Nasdaq: YHOO) Purchase Reveals Its New Strategy

Today (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co.," where he lent expert insight on the latest move by digital media giant Yahoo! Inc. (Nasdaq: YHOO).

On Friday, Yahoo acquired Evntlive, a concert-streaming startup that was co-founded by former Cisco Systems Inc. (Nasdaq: CSCO) Chief Technology Officer Judy Estrin.

This is the second online video-related acquisition in a row for Chief Executive Officer Marissa Mayer and Yahoo, which announced it acquired mobile-video startup Ptch earlier last week.

Host Stuart Varney asks Fitz-Gerald, "What do you think of Yahoo? It seems to me Marissa Mayer has totally transformed this company…?"

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