Yahoo! Sells Kelkoo To Private Equity Firm Jamplant Ltd.
Yahoo! Inc. (NASDAQ:YHOO) bought Kelkoo on March 26, 2004 for $579 million. Kelkoo is a France-based shopping price comparison engine. As Yahoo! begins to transition into a new phase, they will need some capital to get back onto their feet. Therefore Yahoo! has now sold Kelkoo to a private equity firm called Jamplant Ltd.
Yahoo!’s stock price has gone south since Steve Ballmer stated that Microsoft is still no longer interested in acquiring the search engine company as a whole even though Jerry Yang stepped down from the CEO position.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry