Yahoo! (YHOO) Makes Another Talent Grab with the Acquisition of Ztelic
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Yahoo! (Nasdaq: YHOO) isn't resting following strong quarterly results issued earlier this week.
Today, the WSJ is reporting that Yahoo! acquired Beijing-based Ztelic, a company which analyzes social-networking data. Founder Hao Zheng was a former Yahoo! employee in China.
This is the 19th acquisition for Marissa Mayer in her first year as CEO of Yahoo! On Wednesday, it was announced that Yahoo! acquire mobile-ad platform Admovate. Most of the purchases have been for talent over anything else. Notable's include Summly, Tumblr, and Xobni.
Shares of Yahoo! are up 0.4 percent.
Today, the WSJ is reporting that Yahoo! acquired Beijing-based Ztelic, a company which analyzes social-networking data. Founder Hao Zheng was a former Yahoo! employee in China.
This is the 19th acquisition for Marissa Mayer in her first year as CEO of Yahoo! On Wednesday, it was announced that Yahoo! acquire mobile-ad platform Admovate. Most of the purchases have been for talent over anything else. Notable's include Summly, Tumblr, and Xobni.
Shares of Yahoo! are up 0.4 percent.
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