Yahoo (YHOO +1.7%) continues to snap up mobile/social media startups that strengthen its...

|By:, SA News Editor

Yahoo (YHOO +1.7%) continues to snap up mobile/social media startups that strengthen its engineering talent base (and don't cost too much). Its latest target is Propeld, developer of an app (called Alike) that alerts users to nearby locations their "friends" also like, or which might be of interest given a user's preferences. Yahoo shares are higher ahead of Marissa Mayer's 3:30PM ET talk at a Goldman conference (webcast). (prior acquisitions: I, II, III)