11 Comments

Summary:

First Yahoo says it acquired Bix, then news of a deal to acquire MyBlogLog for $10 million, and now Yahoo confims it has acquired Swedish mobile company Kenet Works. A Yahoo spokesperson in London confirmed the purchase of Kenet Works and wrote in an email: The […]

First Yahoo says it acquired Bix, then news of a deal to acquire MyBlogLog for $10 million, and now Yahoo confims it has acquired Swedish mobile company Kenet Works. A Yahoo spokesperson in London confirmed the purchase of Kenet Works and wrote in an email:

The acquisition of KenetWorks is part of Yahoo!’s focus on mobile, will help build on our leadership in mobile services and furthers our goal to connect consumers with the people and information they care about. . . KenetWorks’ technology complements our services and will enable us to continue to develop innovative experiences for mobile devices.

Yahoo won’t comment on a price of Kenet, but says the deal closed a few months ago. The Swedish newspaper Dagens Industri was the first to report the deal, according to a Carnegie Investment Bank report that translated the news. The paper says that the price of Kenet was at least SEK 150 million, (EUR 16.6 million or $21.28 million).

Hey startups, Yahoo is on a spending spree. Time to start visiting Sunnyvale!

On Mybloglog, our congrats to Scott Rafer, who finally has an exit… Om

  1. FYI, we have an interview coming up this afternoon with Bix CEO:
    http://www.centernetworks.com/interview-with-bix

    If you all have any questions, please let me know!

    Share
  2. How long has MyBlogLog been up? I only started noticing those icons in the past few months. They don’t waste any time.

    Share
  3. Yahoo! on a shopping-spree……

    several deals got public within the past 24 hours:

    acquisition of swedisch mobile service company Kennet Works earlier this year got confirmed on GigaOM today. Kennet Works seems to work on ‘mobile real-time communities’. there’s not…

    Share
  4. don’t think mybloglog deal has happened yet.

    Share
  5. Thanks Dave, I made it more clear.

    Share
  6. Yahoo! und eine Allianz mit 176 Zeitungen…

    Zurzeit ist Yahoo! tüchtig auf Achse. Nur einige der Aktionen der letzten Wochen:

    Kauf des schwedischen Handy-Dienstes Kenet Works, der die Möglichkeiten sozialer Netzwerke aufs Handy bringen möchte (GigaOM, Yahoo goes on a startup sh…

    Share
  7. [...] reading your blog. Obviously Yahoo saw a lot of value in the MyBlogLog model, because theyponied up $10 million for it. Monkey Bites points out that MyBlogLog and Bix (another Yahoo purchase) might be considered [...]

    Share
  8. [...] reading your blog. Obviously Yahoo saw a lot of value in the MyBlogLog model, because theyponied up $10 million for it. Monkey Bites points out that MyBlogLog and Bix (another Yahoo purchase) might be considered [...]

    Share
  9. [...] 2006, applications, up to $100MAcquisition date: 11/2006 Acquisition info: link Price: $20 Million Profile: Kenet Works makes it possible for Internet Communities and Mobile [...]

    Share
  10. And they also bought Stumbleupon pretty recently.

    Share

Comments have been disabled for this post