Yahoo has been on an acquisition tear of late, snapping up apps and mobile startups like they’re going out of style. Summly, Astrid, GoPollGo, MileWise, Loki Studios have all been acquired in the last month-and-a-half, while Yahoo simultaneously made a play for a significant stake in French video giant, DailyMotion. With that falling through, rumors have begun to swirl that Yahoo is making a bid for Tumblr, AllThingsD reported yesterday. Is this desperation or genius? Everyone has an opinion, which to Mayer’s credit is not something one has been able to say about Yahoo for a long time.
On Monday, it seems that we may get a better sense of what Yahoo plans to do with all these new acquisitions, as CNBC is reporting that Yahoo will be holding a “product-related” news event on Monday in New York City. Marissa Mayer will reportedly be speaking at the press conference, but that’s all we know about the contents of the event at this point.
Yet again, Yahoo’s CEO shows that she understands how to leverage the press to get the company back into the conversation. This has already led to speculation over what Yahoo will announce, if anything, at the event. Amidst the rumors of its potential billion-dollar bid for Tumblr, some are saying that Yahoo might use the stage to announce yet another acquisition.
Even if a blockbuster acquisition isn’t the focus of the press conference, people will still be talking about Yahoo. At the very least, let’s hope Yahoo begins to explain the strategy behind its acquire-and-shut-down approach and what its “big” plans are for mobile — “touching people’s lives ‘every day’” doesn’t quite do it.
Yahoo to hold a product-related news event in New York City on Monday; CEO Marissa Mayer to speak at event. $YHOO—
(@CNBC) May 17, 2013