Dec
14
2006
14
2006
It’s a Wretch for Yahoo!
According to reports from BakuToday, Yahoo! Kimo has said it has signed a definitive agreement to acquire WRETCH, a Taiwanese social media content provider of weblosg and online photo album services.
WRETCH has around 6.5 million members users every month! The acquisition is expected to be completed by March 2007. It is rumoured to be around $22 million!
Yahoo! is definitely spreading its base with a number of acquisitions lately.
Via: GigaOM
About Ajay
Ajay is an investment banker by profession and a die-hard blogger by passion. He is the owner and chief editor of Techtites. In his free time, he also blogs at AjayDSouza.com, authors a few WordPress plugins and operates Sir Arthur Conan Doyle
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Tags: acquisition, Yahoo!
An article by
Wretch does not have “6.5 million members”. The article says “6.5 million USERS” VISIT the site every month. AFAIK it has just over 1 million users.
Hi alex,
Thanks for the correction. I assumed users to be members… article corrected.