Yahoo's arissa Mayer announced via Twitter Thursday that the company has acquired the start-up Stamped.
Mayer tweeted: "Got to visit our new acquisition, Stamped, this morning—happy to be reunited with Robby (rmstein) and his team!"
Stamped is the first acquisition that Mayer has made as CEO. The small company is only a year-and-a-half-old and is built around the idea of sharing users' favorite things, like music, movies and books. The terms of the deal were not disclosed.
Two of the three founders are also former Googlers . Robby Stein, the CEO and co-founder, and Bart Stein, the co-founder and head of marketing and partnerships both have worked for the search giant. Kevin Palms is the third co-founder and worked at a hedge fund in New York City before starting Stamped.
The start-up posted on its website Thursday though that it would be discontinuing its product by the end of the year and would be launching a new product for Yahoo, but did not reveal what the product would be.
"As for our team's next step, we couldn't be more thrilled to join Yahoo!. As a team of mostly former Googlers, we've all worked with and are big fans of Marissa. So when an opportunity arose to become a part of the team at Yahoo!, we jumped," the founders of Stamped posted on the company website.
The celebrity photo hack highlights that our faith in Internet security isn't always answered. Here's what we know and what we don't know.
Jennifer Lawrence has contacted authorities to investigate who stole and posted nude images of her online.
Apple is "actively investigating" the violation of iCloud accounts, Re/Code reports.
A cybersecurity expert rates the best and worst industries at protecting your online data.
Get the best of CNBC in your inbox
When shopping his comedy special, Jim Jefferies chose Netflix over broadcast and cable television. And he's not the only one.
The sky-high valuations of some tech start-ups have yet to be justified, says investor Roger McNamee.
Though known for his roles on "Psych" and "West Wing," television star Dulé Hill moonlights as co-founder of the Nomino app.