Yahoo acquires mobile app created by former employees

By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc acquired a small mobile start-up company that was founded by former employees of the struggling Web portal two years ago. Yahoo did not disclose the price of its deal to acquire Jybe, which developed a mobile app that recommends movies, books and restaurants based on data contained in social networks. Yahoo said it would shut down the Jybe service, while five Jybe engineers and data scientists, all ex-Yahoo staffers, would focus on Yahoo's efforts to bolster its product line-up. ...

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