Yahoo Acquires Stamped in First Deal Under CEO Marissa Mayer
By Karla Robinson
October 29, 2012
October 29, 2012
- Stamped is a startup launched a year-and-a-half ago to create “a new kind of review site that allowed people to discover and share their favorite things to read, listen to or eat,” reports AllThingsD.
- Recently, the company was acquired by Yahoo for an undisclosed amount, so Stamped will close up shop by the end of the year and move to offices in New York.
- “In a note on the company’s website, the founders of the team, which includes a handful of ex-Googlers, said: ‘We’re excited to start work again on something big, mobile, and new — but we can’t discuss the details just yet. And we’re really stoked to be able to hire lots of talented engineers and designers for this new project,'” notes the article.
- The acquisition is Yahoo’s first under new CEO Marissa Mayer and reflects her strategy to invest in mobile with smaller, sub-$100 million deals.
- Stamped had attracted some top name investors including Eric Schmidt, Ellen DeGeneres, Justin Bieber, Ryan Seacrest, Columbia Records and more.
No Comments Yet
You can be the first to comment!
Leave a comment
You must be logged in to post a comment.