Yahoo buys Jybe, more deals in the works

Yahoo announced another small acquisition on Wednesday that shows CEO Marissa Mayer’s continued interest in beefing up the company’s mobile services.

Mayer used her Twitter feed to officially “welcome back” five former Yahoos who made up the core of Jybe, a two-year-old start-up that’s been working on a mobile app for delivering food and entertainment recommendations based on a user’s social contacts.

The Jybe team includes Arnab Bhattacharjee, a former vice president of search technology at Yahoo, along with former Yahoo engineers Tim Converse, Christian Kunz, Sameer Paranjpye, and Karthik Krishnamurthy. The companies did not disclose the terms of the deal.

While Yahoo’s move to boost its mobile offerings is intriguing, some bigger M&A news may be yet to come. The Wall Street Journal is reporting that Yahoo’s in talks to buy a big piece of Dailymotion, an online video site currently owned by France Telecom, in a deal that could be worth $225 million or more. That would be Mayer’s biggest acquisition since she took over.

Dailymotion is similar to YouTube and might help Yahoo’s efforts to win more users in European markets.

Meanwhile, in other Yahoo news, we were intrigued by the headline on a piece by Kara Swisher on All Things D, announcing that “Jerry Yang is Back.” Turns out we should have read the rest of the headline, which added, “(And Investing More than Ever).” Swisher had a sit-down chat with Yang, who is NOT back at Yahoo, but is pursuing new investments through an entity called AME Cloud Ventures.

 

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