Yahoo! Posts

Yahoo! Inc. (YHOO) buys in-image ad company Luminate

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Yahoo! Inc. (NASDAQ:YHOO) has announced that it has acquired advertising service Luminate. Luminate places ads within images. Luminate shut down its service on Wednesday September 3rd. Its publishers will receive a final payment by the end of the month. Advertisers will have their account balances returned to them as well.

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Yahoo! Inc. (YHOO) acquires ad startup company ClarityRay

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Yahoo! Inc. (NASDAQ:YHOO) has acquired Israel-based advertising startup ClarityRay. Here is a statement that Yahoo! sent out about the deal:

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Yahoo! Inc. (YHOO) buys local recommendation app Zofari

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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.
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Yahoo! Inc. (YHOO) hires Netflix exec for CIO position

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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.

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Report: Yahoo! Inc. (YHOO) acquires Flurry for over $200 million

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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.

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Yahoo! outbid Hulu for ‘Community’ at the last minute

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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.

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Yahoo! acquires RayV

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Yahoo! has acquired online video streaming company RayV, which is known for distributing video to mobile devices. Founded in 2005, RayV is focused on distributing HD quality video to mobile devices. The terms of the deal were undisclosed.

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Yahoo! Inc. (YHOO) is shutting down unpopular products

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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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