So it is not Facebook or Metacafe, but it is still an acquisition. Yahoo Kimo, a wholly owned subsidiary of Yahoo is buying Taiwanese weblogs and online photo sharing company, Wretch, according to Baku Today. Some newspapers are putting the total value of the deal at $22 million.
The deal is likely to close in the first quarter of 2007, and Wretch brand will remain unchanged. Wretch has 6.5 million users. This deal once again underscores the nimbleness of Yahoo in international markets, where it has used acquisitions and partnerships to build up a strong base, despite local competition.
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