YHOO: Another day, another Yahoo (YHOO) acqui-hire...

5:41 PM Another day, another Yahoo (YHOO) acqui-hire is announced. The target this time is mobile game developer Loki Studios, whose engineering team will be joining Yahoo. Surveying the non-stop purchases, Pando Daily's Erin Griffith declares Yahoo has become "a safe haven for VC rejects." Specifically, consumer-facing startups featuring "talented teams of fewer than 10 employees," but which lack "any truly notable traction," and have been unable to obtain a Series A funding round. (yesterday) Read comments

YHOO price at time of publication: $26.83. Check YHOO price now »

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Recent Market Alerts on YHOO: All currents | Earnings | Dividends | M&A | On the move

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• Yahoo!'s CEO Discusses Q1 2013 Results - Earnings Call Transcript
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