Reuters – Yahoo Buys Mobile Startup Stamped

Yahoo Inc. said on Thursday it bought a small, mobile start-up company in New York, marking one of new Chief Executive Marissa Mayer's first moves to revamp the struggling Web pioneer by acquiring outside products and technology, Reuters reported. Yahoo purchased Stamped, which makes a product that lets consumers share favorite restaurants and music on their smartphones. It did not disclose financial details. In a blog on the Stamped website, Stamped co-founders wrote that Yahoo would discontinue the Stamped product by the end of the year and that the team would be working on something "big, mobile and new."

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