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January 28, 2014 01:18 pm GMT

Yahoo Is Buying Tomfoolery, An Enterprise App Studio Led By Ex-Yahoos And AOLers

tomfoolery anchorYahoo's acquisition spree continues apace, with the next deal likely to cover a few different bases for the company: mobile, enterprise and bringing ex-Yahoo talent back into the fold. We have heard that Yahoo is in advanced talks to acquire Tomfoolery, an enterprise app studio co-founded by two ex-Yahoos and two ex-AOLers. One person close to the situation says the deal could be done as soon as this week. The WSJ is also reporting a possible acquisition and puts the price at $16 million.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Yt9V1vFz368/

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