Yahoo Taiwan Buys Local Social Media Site Wretch; Reports At About $22 Million

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Lots of activity in Yahoo’s internal joint ventures over the last month or so. First Yahoo7 in Australia, then in New Zealand this week, and now, Yahoo!Kimo, its fully-owned Taiwanese subsidiary, has bought Wretch, a blog media and online photo sharing service, reports AFP.
The service will retain the brand name, and the two companies intend to improve the online photo album and blog services for the 6.5 million users who currently visit Wretch every month. Local newspaper the Commercial Times reported the transaction is valued at about $22 million, though officially no details were disclosed.
Some more details in this DigiTimes story here.

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