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 new mobile product team to be established in New York under the leadership of Stamped’s three co-founders, I’m 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.
Stamped first launched as an iPhone app in November. The app allows users to keep track of and share the things they like with their friends, such as restaurants, books, films and other apps. Users can also tap into their friends’ recommendations and those of well-known tastemakers, from chef Mario Batali (an advisor to the startup) to Rolling Stones film critic Peter Travers. (For more on how the app works, read our initial review here.)
In July, the startup released a big update to its iOS app and announced a new round of financing from some noteworthy names, including Bain Capital Ventures, Google Ventures, Metamorphic Ventures, singer Justin Bieber, comedian Ellen DeGeneres, American Idol host Ryan Seacrest, The New York Times Company and Columbia Records.
More to come…
Image courtesy of Flickr, jolieodell
Source : feeds[dot]mashable[dot]com
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