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March 20, 2013 11:08 pm GMT

Pinterest Acquires Livestar, The Mobile Recommendations Startup Founded By Fritz Lanman

livestarPinterest said today it's acquired Livestar, the mobile recommendations app founded by Microsoft alum Fritz Lanman, who is also a noted angel investor who has backed the likes of Square, Getaround, and, as it happens, Pinterest.Terms of the deal have not been disclosed, but this seems to be an engineering acqui-hire situation. We're told that only Livestar's three person engineering team will be joining the company as part of the deal, and the service as it is will be shutting down immediately. Lanman himself will not be joining Pinterest full-time, but he will continue in his role as an advisor to the company post-acquisition. He will be moving on to a yet-to-be-announced new project, we're told.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/728Jhsbw5xA/

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