Reuters: Small Business News: Yahoo acquires mobile app created by former employees

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Yahoo acquires mobile app created by former employees Mar 21st 2013, 14:22 Tweet Share this Email Print Related News Deals of the day -- mergers and acquisitions Wed, Mar 20 2013 French and Benelux stocks-Factors to watch on March 20 Wed, Mar 20 2013 Yahoo in talks to buy stake in video site Dailymotion: report Tue, Mar 19 2013 Yahoo to shut down seven products, including Blackberry app Sat, Mar 2 2013 Yahoo telecommute ban is much ado about nothing: Silicon Valley Thu, Feb 28 2013 Analysis & Opinion Groupon’s fate hinges on the boardroom Related Topics Tech » Small Business » Yahoo Inc. offices, housing its Search Marketing Group, are pictured in Burbank, California, October 14, 2010. Credit: Reuters/Fred Prouser By Alexei Oreskovic SAN FRANCISCO | Thu Mar 21, 2013 10:22am EDT SAN FRANCISCO (Reuters) - Yahoo Inc acquired a small mobile start-up company that was founded by former employees of the struggling Web portal two years ago. Yahoo did not disclose the price of its deal to acquire Jybe, which developed a mobile app that recommends movies, books and restaurants based on data contained in social networks. Yahoo said it would shut down the Jybe service, while five Jybe engineers and data scientists, all ex-Yahoo staffers, would focus on Yahoo's efforts to bolster its product line-up. Since Marissa Mayer became Yahoo chief executive in July she has made several small, so-called acqui-hires, similar to the Jybe deal, that have brought small teams of software engineers focused on mobile products to Yahoo. Wednesday's deal comes amid media reports that Yahoo is also in talks to acquire a controlling stake in video website Dailymotion from France Telecom-Orange, which would represent Mayer's biggest deal to date. Shares of Yahoo were off 15 cents at $22.02 in midday trading on Wednesday. (Reporting By Alexei Oreskovic; editing by Gunna Dickson) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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