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Yahoo Acquires Ptch In Surprising Move
- December 7, 2013
- News, Tech
- Comments Off on Yahoo Acquires Ptch In Surprising Move
Yahoo Acquires Ptch: What You Need To Know
Yahoo made a surprising move recently that it has acquired the mobile photo & video editing mobile app Ptch. The mobile app Ptch was backed by DreamWorks Animation spinoff DWA Investments and unveiled a year ago.
Here’s what you need to know:
– Yahoo paid 6.5 million of Ptch
– The Ptch app will shut down on Jan. 2nd 2013
– 3 employees at Ptch ended up joining Yahoo according to Business Insider. At peak development Ptch had 32 employees.
– According to Business Insider no founder or employee got a piece of the $6.5 million, only job offers. All of the cash went to Dream Works.
Yahoo’s been a very interesting company to watch lately with the large number of acquisitions they have made.