Yahoo! buys image-recognition start-up for Flickr

PTI Updated - March 12, 2018 at 02:48 PM.

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Yahoo’s latest acquisition will bring image-recognition technology to its Flickr service for sharing photos.

The Internet company is getting the new tools and expertise through its purchase of a start-up called LookFlow.

Financial terms of the deal announced yesterday were not disclosed.

It’s a small acquisition, as have been most of the more than 20 deals that Yahoo! has completed since hiring Marissa Mayer as its CEO 15 months ago.

The one exception was the Internet blogging service Tumblr, which cost Yahoo Inc. $ 1.1 billion earlier this year.

Yahoo! is picking up five LookFlow engineers in its latest deal.

Mayer, a former Google Inc. executive, has been particularly interesting in snapping up start-ups with expertise in making applications for smartphones and tablets.

Published on October 24, 2013 08:15