Yahoo has agreed to acquire the year-and-a-half-old New York startup, Stamped, which lets users post commentary on content around the Web and share it with Stamped social contacts.
The Stamped team will found Yahoo’s first engineering office in New York.
The Stamped product will be shuttered, putting this deal in the acqui-hire camp. Stamped staff consists primarily, like Yahoo CEO Marissa Mayer, of ex-Googlers. The startup was backed by Google Ventures.
“We’ve all worked with and are big fans of Marissa,” the company announced on its website.
It’s not clear what the newly acquired team will work on from the new product and engineering offices they will open, but it will further Yahoo’s efforts to become a player on mobile, the company said. Stamped teased in its announcement that the team will work on “something big, mobile, and new.”
“[W]e’ve acquired a very talented team based in New York City to help us create a new center of mobile product development for Yahoo. … Their experience building fun, useful, personalized mobile products aligns well with Yahoo’s vision to create the best everyday mobile experience for our users,” Yahoo’s senior vice president of emerging products and technology, Adam Cahan, said in a statement.