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Yahoo Gets More Former Googlers With Stamped Acquisition

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Yahoo Gets More Former Googlers With Stamped Acquisition
[ Business]

Yahoo CEO Marissa Mayer tweeted about a new acquisition the company has made (the first under her leadership. Yahoo has has acquired mobile recommendation app maker Stamped, which (believe it or not) is made up of former Googlers.

Here’s the tweet:

Stamped has posted a letter on its site, saying, “As for our team’s next step, we couldn’t be more thrilled to join Yahoo!. As a team of mostly former Googlers, we’ve all worked with and are big fans of Marissa. So when an opportunity arose to become a part of the team at Yahoo!, we jumped. As entrepreneurs, it’s never easy to walk away from something you built from the ground up, but the folks we met with at Yahoo! are simply top-notch and we’re thrilled to be joining them!”

“The Stamped team will be creating a brand new product and engineering office for Yahoo in NYC’s Bryant Park,” the letter continues. “After everything we learned from building Stamped, we’re excited to start work again on something big, mobile, and new — but we can’t discuss the details just yet. And we’re really stoked to be able to hire lots of talented engineers and designers for this new project.”

The Stamped product will be discontinued by the end of the year, but they’re building a tool, which they say is coming soon, that will let users take their stamps and other data with them.

The terms of the deal have not been disclosed, though TechCrunch is reporting that it has heard it’s in the double digit millions.

Yahoo, under Mayer has been picking up people who have worked for Google left and right. Earlier this month, the company snagged Google’s President of Media, Mobile and Platforms, Henrique De Castro, to fill its COO role.

Yahoo Gets More Former Googlers With Stamped Acquisition
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  • http://gorillasafarisrwanda.com nyagah

    Seems like yahoo is spoiling for a fight with google. Googles monopoly is not good for anyone

  • http://www.shrinkwrapandstretchfilm.com Brent Roake

    Hopefully Yahoo and Bing will step up and compete with Google. Google works great and still shows the most relevant search results, but their pay per click campaigns are too expensive. Hopefully Bing and Yahoo will get better algorithms over time to legitimately compete.

  • http://animium.com 3D Models

    Why is Bing and Yahoo not putting up the fight with Google, why do they stand still an watch, why are they not competing.? We expect a lot from them…

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