Yahoo (YHOO) shopping spree under year old CEO Marissa Mayer is far from over. The company has bought out image recognition start-up IQ Engines. IQ Engines is known for software that analyzes, sorts, and categorizes images using techniques including facial recognition. IQ Engines is currently developing software that organizes photos stored in a smartphone based on auto generated tags. Although Yahoo hasn’t officially confirmed the deal, a message on the IQ engines website confirms the deal and states that a team of engineers from IQ Engines will be joining the Flickr team in an effort to improve the photo organisation and search for the photo sharing community. The financials of the deal are behind curtains as of now as Yahoo hasn’t officially stated the value it has paid for the start-up. The Yahoo stock saw a dip of just over 1% in the last trading session.
Yahoo stock price
Source: Yahoo stock chart by Amigobulls
Other stock market articles:
♦ Move Inc.: Stock on the bull tear hits a new peak
Read our Newsletter here: Amigobulls Internet Stocks Daily Update