YHOO: Yahoo (YHOO) is reportedly close to acquiring...

7:08 PM Yahoo (YHOO) is reportedly close to acquiring Milewise, creator of a site and iOS/Android apps that allow users to track loyalty/reward points and search for flights and hotels on which they can be used. Milewise, which competes to an extent with (Priceline-owned) Kayak, Hipmunk, and Google's Flight Search, seems to fit well with Yahoo's strategy of growing its mobile footprint via small acquisitions and internal app development (sometimes leveraging technology from the acquisitions). (Astrid deal) Read comments

YHOO price at time of publication: $24.97. Check YHOO price now »

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