Popular ‘To-Do List’ App Faces Shutdown After Yahoo Buy

Customers who bought annual subscriptions will get a refund

   

Popular ‘To-Do List’ App Faces Shutdown After Yahoo Buy

yahoo sign 630 300x225 Popular 'To Do List' App Faces Shutdown After Yahoo BuyYahoo (NASDAQ:YAHOO) has made another move into the mobile app market.

The Internet pioneer has acquired Astrid, an app that helps users create to-do lists. Astrid has now stopped accepting new premium subscribers, but will remain functioning for at least 90 days, USA TODAY notes.

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Neither Yahoo nor Astrid reveal the terms of the deal; however, Yahoo will offer refunds to users who purchased year-long memberships. Astrid’s development team will likely be folding into Yahoo’s own staff.

More than 4 million people have downloaded Astrid, which functions on both Apple‘s (NASDAQ:AAPL) iOS and devices running Google‘s (NASDAQ:GOOG) Android OS.

Yahoo’s new CEO Marissa Mayer has indicated that she plans to expand the company’s mobile market offerings.

In March, Yahoo paid a reported $30 million to acquire Summly, a news content app developed by a British teenager.

Shares of Yahoo rose fractionally in Thursday morning trading.

 


Article printed from InvestorPlace Media, http://investorplace.com/2013/05/popular-to-do-list-app-faces-shutdown-after-yahoo-buy/.

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