Marissa Mayer Makes First Yahoo Acquisition: Stamped

 

Yahoo has acquired the company behind 1-year-old mobile recommendations app Stamped, its first since ex-Google exec Marissa Mayer became CEO of the company in July, Mashable has learned.

 

The acquisition was purely for talent: Stamped’s nine-person team — of which five are ex-Google employees — will be joining a new mobile product team to be established in New York under the leadership of Stamped’s three co-founders, I’m told. Stamped’s iPhone and web app will both be discontinued by the end of the year.

 

It makes sense that the startup was on Mayer’s radar. Mayer worked closely with Stamped co-founder Robby Stein while the pair were working at Google.

 

For more information on the acquisition, please visit Stamped's site or read the entire article on Mashable