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Wednesday, Mar 20
Yahoo (YHOO -0.2%) acquires Jybe, a startup that developed one of the many personalized...
Yahoo (YHOO -0.2%) acquires Jybe, a startup that developed one of the many personalized recommendation apps in existence. The purchase, which bears a strong resemblance to the Oct. acquisition of Stamped, is another acqui-hire: Jybe contains 5 ex-Yahoos, including former VP of search technology Amab Bhattacharjee. However, Yahoo also plans to use Jybe's personalization tech throughout its empire. Separately, BGC has downgraded Yahoo to Hold, citing the potential for new COO Henrique De Castro's sales restructuring to hurt near-term display ad sales.