Wednesday, March 20, 2013

YHOO: Yahoo (YHOO -0.2%) acquires Jybe, a startup...

11:50 AM Yahoo (YHOO -0.2%) acquires Jybe, a startup that developed one of the many personalized recommendation apps in existence. The purchase, which bears a strong resemblance to the Oct. acquisition of Stamped, is another acqui-hire: Jybe contains 5 ex-Yahoos, including former VP of search technology Amab Bhattacharjee. Separately, BGC has downgraded Yahoo to Hold, citing the potential for new COO Henrique De Castro's sales restructuring to hurt near-term display ad sales. Read comments

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