Yahoo Japan Acquires Community Factory For $12.8 Million
Yahoo Japan may only be a subsidiary of Yahoo’s main business but news that it has acquired mobile content provider, Community Factory for a whopping $12.8 million may sound a positive bell stateside.
The deal is considered quite rare in that part of the world because big-company acquisitions don’t happen often. Yahoo Japan will reportedly get its hands on Decopic, an Asian version of Instagram which has around 7 million iOS and Android users. It will also get exclusive access to the 6 million+ users of Mixi, the Japanese version of Facebook.
Yahoo Inc. of course operates in a completely different environment from Yahoo Japan, but this doesn’t stop people from looking at the fortunes of both through the same spectacles. The appointment recently of former Google executive Marisa Mayer has left many feeling that things may start turning round for the former giant of Silicon Valley.
Her counterpart in the Pacific, newly appointed CEO Manabu Miyasaka, seems to be catching all the breaks. Yahoo Japan is enjoying immense sure in popularity thanks in large part to its web portal—the most visited site courtesy of Alexa and its rankings. The acquisition of Community Factory will no doubt add more horsepower to the Yahoo Japan media machine.
Mayer and her team stateside should take note. Growth in today’s competitive tech space is being anchored more and more by mobile assets.