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Yahoo Buys Indonesian Startup

10:00 AM -- Yahoo Inc. (Nasdaq: YHOO) untied its purse strings again and bought Jakarta-based mobile social networking startup Koprol for an undisclosed sum. (See Yahoo! Acquires Koprol.)

Koprol enables users to share photos, reviews, and location information from their mobile phones. The move will expand Yahoo's capabilities globally as well as in Indonesia. Yahoo says it will continue to invest in Koprol and that it expects to announce new mobile apps for local as well as global mobile platforms. (See Yahoo Mobile.)

Yahoo has been busy buying and partnering lately. Today's news follows Yahoo's announcement yesterday of an Internet and mobile services partnership with Nokia Corp. (NYSE: NOK) and Yahoo's acquisition of Associated Content, which the company announced last week. (See Nokia, Yahoo Team for Mail, Chat, Maps and Yahoo Buys Associated Content.)

— Michelle Donegan, European Editor, Light Reading Mobile

sarahthomas1011 12/5/2012 | 4:35:00 PM
re: Yahoo Buys Indonesian Startup

Don't say that to Carol Bartz (see Erin's blog)...I think it needs a more clear-cut focus. I like what Tim Armstrong said when Bartz referred to AOL as a mini-Yahoo: "She may be referring to the fact that we have a more concise strategy."

digits 12/5/2012 | 4:35:04 PM
re: Yahoo Buys Indonesian Startup

Is Yahoo one of those companies that needs acquisitions and partnerships to stop it from shrivelling up and wasting away? The whole Microsoft one-off-on-off affair of 2008 seemed to sap the strength out of the company.... maybe that's harsh, but Yahoo doesn't look Premier division any more.

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