by Christopher Freeburn | May 2, 2013 9:48 am
Yahoo (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.
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.
Source URL: http://investorplace.com/2013/05/popular-to-do-list-app-faces-shutdown-after-yahoo-buy/
Short URL: http://invstplc.com/1nB5hKj
Copyright ©2017 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.