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Yahoo! Inc Buys Mobile Start-Up Company In New York-Reuters

Thursday, 25 Oct 2012 02:55pm EDT 

Reuters reported that Yahoo! Inc said it bought a small, mobile start-up company in New York, marking one of new Chief Executive Marissa Mayer's first moves to revamp the struggling Web pioneer by acquiring outside products and technology. Yahoo purchased Stamped, which makes a product that lets consumers share favorite restaurants and music on their smartphones. It did not disclose financial details. Terms of the transaction were not disclosed. 

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0.37 +0.98%
22 Aug 2014