Yahoo! closes a business it acquired for $160m last year

By June 30, 2009Exits, Yahoo!
Yahoo! Messenger

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Yahoo! is apparently closing down Maven Networks, a company it acquired in May last year for $160m.  If you read the Techcrunch report Yahoo! is claiming that the technology lives on in some of their other products, but tellingly they are not migrating customers on the Maven platform to another service.

New Yahoo! CEO Carol Bartz says they are still interested in making acquisitions, but as I wrote yesterday unless they improve their track record I can’t imagine this enthusiasm will last for long.

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  • Perhaps the M&A Malaise is just indicative of the deterioration in the core model. Google has killed a few acquisitions as well, but the cynical among us called those “M&A the New HR”, in that it was more about talent acquisition. On that note, how seriously do you think they are penetrating enterprise accounts with their App offering, and do you think they stand any chance against Amazon for application environment (I don't).

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