4 Merger and Acquisition Stock Stories for Tuesday
Yahoo! (NASDAQ:YHOO): Closing price $21.22
On Tuesday, Yahoo made a big move towards enhancing its mobile experience by its purchase of the location discovery application Alike. After all, Chief Executive Marissa Mayer had indicated that she would concentrate more efforts on mobile and not hesitate to buy firms to help to that effect. Yahoo bought Snip.it in January and before that, acquired the team behind the video platform OnTheAir in December. What is more, the firm has also boosted its mail applications on mobile with new iPhone, Android, and Windows 8 apps.