Today, Yahoo has officially announced that they have acquired Rivals, the college sports site. Here is the link to the press release. Though, the price is undisclosed, TechCrunch reports it to be $100 Million.

Rivals.com provides the best coverage of college and high school sports on the Web, maintaining more than 100 college-specific sites and posting hundreds of updates each day. It also satisfies high school fans by following games and news in more than 35 states.

Rivals.com is also known for being the place for college sports fans to chat and share information, stats, and photos. In fact, its message boards are among the most popular in sports, and an important part of the business.