Mayer-Era Yahoo Stamps Its First Acquisition
Buys mobile startup to build mobile office in NYC
During Yahoo’s quarterly earnings call on Monday, CEO Marissa Mayer said she doesn’t “have any particular acquisitions in mind today.” She wasn’t being entirely candid. On Thursday Yahoo announced its first acquisition since Mayer took the reins in July. The company has bought mobile recommendations startup Stamped. Mashable first reported the news earlier on Thursday.
While Stamped has made its name (and drawn more than $3 million in funding) by offering an app that has users recommend things such as restaurants, books and movies, Yahoo isn’t snatching the startup for its technology.
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