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

You’re subscribed! If you like, you can update your settings

  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!

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

  3. nonsmokingarea.com Friday, November 17, 2006

    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…

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

  5. Katie Fehrenbacher Friday, November 17, 2006

    Thanks Dave, I made it more clear.

  6. PageTurner.info Monday, November 20, 2006

    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…

  7. GeekySpeaky.com – gaming, SEO, pagerank, blog, Wordpress, plugins, & geek speak » Blog Archive » yahoo buys mybloglog Thursday, March 29, 2007

    [...] 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 [...]

  8. GeekySpeaky.com – gaming, SEO, pagerank, blog, Wordpress, plugins, & geek speak » Blog Archive » yahoo buys mybloglog Thursday, March 29, 2007

    [...] 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 [...]

  9. Kenet Works | Trendsactions Thursday, March 27, 2008

    [...] 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 [...]

  10. Social Marketplace Saturday, August 2, 2008

    And they also bought Stumbleupon pretty recently.

Comments have been disabled for this post