Posted by: Rob Hof on January 11, 2006
Greg Yardley has the scoop on Yahoo!’s latest acquisition. From the lede:
Yahoo! Inc. (Nasdaq:YAHOO), a leading global Internet company, today announced the acquisition of an unnamed Web 2.0 company three days before it was to be founded. “Yahoo! is committed to generating mass quantities of free public relations by acquiring more pre-revenue, pre-business plan companies than any other global Internet company,” said Chris P. Bacon, Director of Hype Production.