Yahoo acquires fashion commerce site Polyvore
Yahoo just sealed another ambitious acquisition deal. The company announced today that it has reached an agreement to acquire Polyvore, a fashion-oriented e-commerce business founded in 2007. The announcement doesn’t give a price for the deal, but the cost to Yahoo is likely to be substantial. Polyvore had raised $22 million in seed funding, with the most recent round closing in January of 2012.
„The combination of Yahoo’s industry-leading digital content with Polyvore’s expertise in community and commerce has outstanding potential,“ said Yahoo executive Simon Khalaf in a statement accompanying the annoucement. „We are thrilled to have the Polyvore team join us.“
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