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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