Monday, March 25, 2013

YHOO: Yahoo (YHOO) paid $30M - 90% in cash, 10% in...

12:14 PM Yahoo (YHOO) paid $30M - 90% in cash, 10% in stock - to acquire Summly, several sources tell Kara Swisher. On source suggests reeling in founder Nick D'Aloisio was a big part of Yahoo's motivation in buying the startup. "Nick will be a great person to put in front of the media and consumers with Mayer to make Yahoo seem like it is a place that loves both entrepreneurs and mobile experiences, which in turn will presumably attract others like him." Read comments

YHOO price at time of publication: $23.34. Check YHOO price now »

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