Two recent acquisitions-Summly and Jybe-underscore the strategy of Yahoo Inc. (Nasdaq: YHOO) to expand its mobile services.

The Sunnyvale, Calif.-based Web company acquired Jybe Inc., a Menlo Park, Calif.-based application services provider, on March 20. Days later, on March 25, it picked up Summly, a news-sharing application founded two years ago by Nick D'Aloisio when he was just 15-years-old. Summly will be integrated into Yahoo's mobile service, along with Jybe, a social recommendation site founded by former Yahoo employees two years ago. Jybe suggests to Web users different types of books, movies and restaurants based on their preference.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.