Yahoo Has Acquired App Maker Stamped
Yahoo has acquired the app developer Stamped, in a deal whose terms were not disclosed. The Stamped brand will be absorbed into Yahoo and the company will be discontinuing its Stamp product — a social tool in which users can give products and services a “stamp” of approval — by the end of the year.
In a blog post on the Stamped website, the founders Robby Stein, Bart Stein & Kevin Palms wrote, “As entrepreneurs, it’s never easy to walk away from something you built from the ground up, but the folks we met with at Yahoo! are simply top-notch and we’re thrilled to be joining them!”
In the post, the executives went on to reveal that they will be “creating a brand new product and engineering office for Yahoo in NYC’s Bryant Park.”
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