Yahoo has acquired the company behind one-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 large mobile product team Yahoo plans to establish in New York under the leadership of Stamped’s three co-founders, we’re 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.
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