Yahoo announced its acquisition of Jybe Inc., which provides personalized recommendations based on users? data from social networks. Jybe is said to be a more personalized, accurate version of Yelp. Through the acquisition, Yahoo gets engineers who know how to build social software.
The terms of the deal was not disclosed by both parties. At present, Yahoo is in talks to purchase a stake if as much as 75 percent in France Telecom SA?s Dailymotion video site that is said to be worth around $300 million.
Yahoo?s Chief Executive Officer Marissa Mayer is focusing the company to be a provider of web services that are customized for individual users. The company adds engineers through its acquisition of small technology startups. Since Mayer became the CEO, Yahoo acquired five companies, including Stamped Inc., OntheAir, Alike, and Snip.it.
Yahoo is taking on five Jybe employees. All of them once worked for the Internet portal, according to Senior Vice President Jay Rossiter. The company was founded in 2011. It will be show shut as a result of the acquisition. The founders will work on projects at Yahoo. The Jybe app has closed but Yahoo hopes it can use the company?s data and science-driven experience will boost its efforts to create products and experiences for Yahoo users.
France Telecom spokesman Tom Wright declined to comment on the possible acquisition of Dailymotion. Yahoo also declined to comment on the issue. Mayer said that she wants to build sites and technologies that would be daily habits for consumers, such as stock tickers and checking emails. Last January, she said that the company was focused on technology that would personalize content from the internet and provide it to people on their mobile devices.
Mayer said that Yahoo is thinking about how to take the Internet and bring it to the users. The company intends to be a source of information that is ordered by users and delivered to handheld devices.
Source: http://www.paydayloansmag.com/yahoo-gathers-engineers-to-develop-social-software/
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