I don't understand acquisitions

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User Info: TrueKu

TrueKu
4 years ago#1
Like: http://www.wired.com/business/2013/03/yahoo-summly/


30 Million dollars for an iPhone app that finds and removes adjectives from leeched news articles?
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User Info: mario_pot

mario_pot
4 years ago#2
I don't think some large companies do either, they just see success in the mobile -social space and since they don't have it they assume its something they can just buy. Definitely would be better to develop that from within or even use use successful developers as consultants but hey yahoo didn't spend my 30 million so spend on I say.
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User Info: OMBUG

OMBUG
4 years ago#3
I don't believe for a second they would have bought it if the founder wasn't 17. Look at all the publicity they've gotten from it. Summly didn't even develop the NLP tech, so a lot of the $30mil probably went towards licencing that anyway.
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User Info: Magus1947

Magus1947
4 years ago#4
"Generating buzz" is what happens when your company is run by marketers. How about providing a product or service that I want?
In the corrupted currents of this world, offence's gilded hand may shove by justice, and oft 'tis seen the wicked prize itself buys out the law

User Info: scar the 1

scar the 1
4 years ago#5
Magus1947 posted...
"Generating buzz" is what happens when your company is run by marketers. How about providing a product or service that I want?


Before you generate buzz, shouldn't you first generate fizz?
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User Info: BewmHedshot

BewmHedshot
4 years ago#6
OMBUG posted...
I don't believe for a second they would have bought it if the founder wasn't 17. Look at all the publicity they've gotten from it. Summly didn't even develop the NLP tech, so a lot of the $30mil probably went towards licencing that anyway.

Most of the $30 million went to the venture capitalists who owned most of the company.
Money may not buy happiness, but I'll take my ****ing chances.

User Info: 1337toothbrush

1337toothbrush
4 years ago#7
I'm guessing Yahoo is also interested in the algorithm that sums up text, which I've read was not developed by the kid, but rather a bunch of researchers. With his mother being a lawyer and his father being the vice president of a bank, I'm sure the kid has tons of connections either way, so it's no surprise to me. Interesting how these places are all reporting on the guy as though he's some super genius. Plenty of people started programming at very young ages, the difference is in the fact that this kid has rich parents with great connections.
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User Info: NeoCheez

NeoCheez
3 years ago#8
Before you generate buzz, shouldn't you first generate fizz?


Generally that's the case. But buzz doesn't strictly depend up on fizz, so with a large enough marketing dept, you could get away with buzz-fizz.
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User Info: MadPinoRage

MadPinoRage
3 years ago#9
Yahoo is just trying to stay relevant.
Unthinking respect for authority is the greatest enemy of truth.
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