Yahoo! Acquires Image Recognition Company
Yahoo! has made its 25th acquisition under the reign of CEO Marissa Mayer. Its new asset is LookFlow, an image-recognition specialist, according to a post on the acquired company's home page. The terms of the deal were not disclosed.
LookFlow's team and products are to be folded into Flickr, Yahoo!'s image-sharing service. In the post, LookFlow wrote, "Keep an eye out for our product in future versions of Flickr -- with many more wonderful photos and all that Flickr awesomeness!"
Since Mayer took the CEO's chair, Yahoo! has been on an acquisition spree, snapping up early-stage tech companies in an effort to expand its slate of offerings. In its most recently reported quarter, the firm spent $163 million on such purchases.
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