Yahoo on Verge of Deal for CafeMom

Yahoo reportedly could be on the verge of acquiring CafeMom, a New York-based social networking site for mothers. Yahoo is looking to pay around $100 million for the four-year-old site, which attracts approximately 6.7 million unique visitors a month. Disney also has been seen as a possible suitor. The site allows moms to connect on topics such as pregnancy, raising boys, recipe swapping and marriage. Investors include Highland Capital Partners and Draper Fisher Jurvetson.