Since Marissa Mayer took the helm of Yahoo, the company has been acquiring tech and media brains.
“”Yahoo is buying people’s companies that are very talented especially in mobile where consumer is moving,” says Laura Martin, an analyst with Needham & Company.
Yahoo bought Summly, Snip.It, and Jybe among other small startups you may never have heard of. The strategy, basically is: Smart people will develop smarter products. Shares are up more than 50 percent under Mayer, but analysts say it has nothing to do with her or Yahoo’s main business.
“The reality is the vast, vast, vast majority of the underlying appreciation of Yahoo stock is due to the tremendous growth in value of the company’s Asian assets,” says Brian Wieser, analyst with the Pivotal Research Group.
He says Yahoo owns a big stake in Yahoo Japan, an independent web portal, and Alibaba, a Chinese e-commerce company that sold more last year than Amazon and eBay combined. They’re both growing 40-60 percent per year and pushing up Yahoo’s stock.
Has Marissa Mayer"s acquire-to-hire strategy for Yahoo paid off?
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