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.