Yahoo! Inc. (NASDAQ:YHOO) has acquired Israel-based advertising startup ClarityRay. Here is a statement that Yahoo! sent out about the deal:
Yahoo! Inc. (NASDAQ:YHOO) has acquired a local recommendation app Zofari, a company that uses machine learning and third-party sources to find matches for places that you may enjoy visiting. It is also known as a “Pandora for places.” The terms of the deal were undisclosed. Zofari’s four employees Nate Weinstein, Jason Kobilka, Shahzad Aziz, and Oliver Su will be joining Yahoo! Zofari’s mobile apps and web apps will continue to run as is.
Yahoo! Inc. (NASDAQ:YHOO) has announced that it has hired a new chief information officer to oversee its IT and data center operations. Mike Kail, former VP of IT operations for Netflix is now the CIO and SVP of infrastructure of Yahoo! He will be reporting directly to Yahoo! CEO Marissa Mayer.
Yahoo! Inc. (NASDAQ:YHOO) is now hitting around 450 million monthly active users per month and its search and display mobile ad revenues grew 100%. According to reports, Yahoo! has closed on an acquisition for Flurry at a price of over $200 million.
Yahoo! has gained the exclusive rights for the sixth season of Community for tens of millions of dollars. NBC cancelled the sitcom earlier this year after its fifth season. The show seemed to start struggling during its third season, but it retained a loyal cult-like fan base. In the fifth season, Chevy Chase and Donald Glover departed from the cast, making it difficult to keep the same charm it had in the first season. Hulu was deep in negotiations for the show in the last few weeks of June.
Yahoo! Inc. (NASDAQ:YHOO) is shutting down some of its products. Many of the products will be integrated into other Yahoo! services. Yahoo! will be shutting down smart e-mail service Xobni. Some of Xobni’s features will be rolled into Yahoo! Mail like e-mail contact auto-suggestions when composing a message and a person-centric search.
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Yahoo! Inc. (NASDAQ:YHOO) may be spending around $250 million to acquire Fullscreen, a company that creates content on YouTube.