Yahoo buys Lexity
Today it was announced that the company has made another purchase of Yahoo. This time was bought by e-commerce company Lexity. The company was founded in 2009 by former Yahoo Chief Product Amit Kumar. According to the description on the website Lexity, the company provides access to a full range of solutions for e-commerce business, that is for the other companies involved in commercial transactions with end-users in the market. Lexity The site states that it has "tens of thousands of customers" of 114 countries around the world.
According to the agreement reached with Yahoo, after closing all of the products, services and initiatives will continue to exist and Yahoo will not close them, but hold of rebranding. "All applications Lexity, including the flagship product Lexity Live, will continue to operate as before, what is more, we will allocate more resources to their development and improvement," - said in a statement Lexity.
Financial details of the transaction were not disclosed officially Lexity. Recall over the past few months, the company Yahoo bought nearly a dozen IT start-ups, and in May was announced transaction Tumblr social network for $ 1.1 billion. -
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