The most tireless corporate development team in town is at it again.
Yahoo today acquired its nineteenth startup, Beijing-based Ztelic, which analyses data from social websites.
A Yahoo spokesperson confirmed the acquisition to the Wall Street Journal, adding that it was a small “talent acquisition,” and the team of eight employees will join the research and development team in Beijing.
Ztelic founder Hao Zheng, a former Yahoo China employee, will split his time between the offices in Beijing and Sunnyvale.
The terms of the deal remain unknown. It is also unclear whether Ztelic will continue to operate, but it’s unlikely, given that Yahoo has shuttered most of startups it acquires. Ztelic’s homepage now features little more than an announcement of the acquisition.
In her first year as CEO, Yahoo’s Marissa Mayer is already responsible for almost a quarter of the acquisitions in the company’s history. Like today's deal — and yesterday’s acquisition of Admovate — much of that activity has been pure acqui-hire plays.
Filed under: Business
Christina Farr 19 Jul, 2013
enclosure: http://venturebeat.files.wordpress.com/2013/07/marissa-mayer1.jpg?w=160
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Source: http://venturebeat.com/2013/07/18/yahoo-acquires-beijing-based-startup-ztelic/
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