Expect More Acquisitions From Yahoo!

Posted May 26, 2009

Yahoo! Inc. (NASDAQ:YHOO) CTO Ari Balogh stated last Wednesday to expect further acquisitions from the search engine company.  They are looking for acquisitions that will enable them to become more involved in social networking.

According to Balogh, the company has been talking to various companies about partnerships in the social networking space.  “I can guarantee you there will be some acquisitions and we will do some stuff in house,” stated Balogh.

[via Reuters]