YHOO: Yahoo's (YHOO +1.6%) $30M acquisition of...

4:20 PM Yahoo's (YHOO +1.6%) $30M acquisition of Summly, criticized by more than a few writers for being a PR-driven move, included "the acquisition of IP, code, and technology" from SRI International (provider of the language-processing tech behind Summly), a source tells BI. The source adds Yahoo plans to use summarization tech to create "personalized news feeds" for mobile version of top Yahoo properties, and that the company is internally calling Summly "Yahoo's Siri." If true, the report goes a long way towards explaining the deal. (Yahoo/Apple) Read comments

YHOO price at time of publication: $24.20. Check YHOO price now »

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Focus Articles on YHOO

• If Yahoo Can Hold Existing Market Share Then It's A Strong Buy by Alistair Robson
• Patent Indicates Yahoo Hasn't Forgotten Search by Shlomo Wiesen
• Yahoo Could Become Mobile Force by Renee Ann Butler

Press Releases on YHOO

• Yahoo! to Hold First Quarter 2013 Earnings Conference Call April 16, 2013 (Business Wire)
• Yahoo! Announces Plans to Expand in Lockport, New York (Business Wire)
• Yahoo! to Participate at the Morgan Stanley Technology, Media and Telecom Conference (Business Wire)

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Transcripts on YHOO

• Yahoo! Management Discusses Q4 2012 Results - Earnings Call Transcript
• Yahoo! Management Discusses Q3 2012 Results - Earnings Call Transcript
• Yahoo! Management Discusses Q2 2012 Results - Earnings Call Transcript

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