Yahoo bought San Francisco startup Aviate for $80M -source
Earlier this week, Internet giant Yahoo disclosed its acquisition of Aviate, a startup that organizes apps on Android homescreens. The value of the deal, however, was not disclosed. Now, a source familiar with the transaction says the acquisition was priced at $80 million, according to TechCrunch.
The cited source did not know of other details beyond the amount. The exact mish of cash and stock is not yet known either. Still, the indicated amount is impressive for a new startup that secured $1,8 million from a Series A round less than a year ago. The said round came from Andreessen Horowitz, Highland Capital, and others. Aviate was also incubated at StartX, the report detailed.
Yahoo and Aviate spokespeople declined to comment on the terms of the acquisition deal, the report added.
Since Marissa Mayer became the new Chief Executive Officer of Yahoo, the firm has had a visible acquisition streak. Just a month ago, the company purchased content delivery network firm PeerCDN, the report said.
At the Consumer Electronics Show, Mayer said in her keynote speech that Aviate's technology will help Yahoo deliver more personalized and smarter content on Android devices, TechCrunch reported.