Yahoo brings back five ex-employees in latest deal

Mar 20, 2013

Yahoo has bought Silicon Valley startup Jybe so it can bring back five of its former engineers to help the Internet company build better mobile applications.

The deal announced Wednesday marks Yahoo's fourth acquisition of a small startup during the past five months. In each instance, Yahoo been more interested in obtaining the startups' brainpower than the services that they provided.

As with its other recent acquisitions, Yahoo Inc. didn't disclose the purchase price.

Jybe's mobile service that gathered people's recommendations about food and entertainment is closing down so its five employees can focus on other projects at Yahoo Inc. All five Jybe workers were formerly employed at Yahoo before the company hired former . executive as its CEO eight months ago.

The recent acquisitions are part of Mayer's effort to bring in more expertise in designing mobile applications to give Yahoo a better chance of connecting with the steadily growing audience that are relying on smartphones and to reach online services instead of personal computers.

The group of Jybe employees returning to Yahoo includes Arnab Bhattacharjee, who was a vice president of search at the company before leaving nearly two years ago while was CEO. Bartz had negotiated a deal that turned the responsibility for providing most of Yahoo's search results to Microsoft Corp. That move triggered a wave of defections on Yahoo's own internal search team.

After focusing on nothing but small acquisitions under Mayer's command, Yahoo may be working on something bigger. Earlier this week, The reported that Yahoo is in preliminary discussion to buy a controlling stake in online video site Dailymotion from France Telecom SA. The report cited anonymous people familiar with the talks.

Yahoo declined to comment on The Journal's report.

The Journal indicated Yahoo is considering buying a 75 percent stake in Dailymotion for about $225 million.

Yahoo's stock dipped 6 cents to $22.11 in early afternoon trading.

Explore further: Turner channels removed from Dish amid pact spat

2 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Yahoo! buys maker of personal recommendation app

Mar 20, 2013

Yahoo! on Wednesday announced that it has bought Jybe, the startup behind a smartphone application that makes local entertainment or dining recommendations based on what people like.

Recommended for you

Turner channels removed from Dish amid pact spat

3 hours ago

Channels such as Cartoon Network and CNN are no longer part of Dish's programming lineup as a deadline has passed for the satellite TV provider and Turner Broadcasting to renew their distribution agreement.

Verizon reports higher 3Q net income, revenue

4 hours ago

Verizon Communications Inc. on Tuesday reported higher net income and revenue in its third quarter, helped by strong wireless subscriber growth and demand for its high-speed FiOS Internet services.

Amazon, Simon & Schuster sign book retail deal

12 hours ago

Amazon has reached a deal with American book publisher Simon & Schuster, the companies said, though the e-commerce giant remains at loggerheads with France's Hachette over e-book pricing.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

Lurker2358
1 / 5 (1) Mar 20, 2013
Puny humans. Corporations own you.