Yahoo took its first major steps towards its new, more mobile strategy as the search engine announced it bought mobile start-up Stamped Thursday.The New York-based company created an iPhone app that let users share and recommend things such as restaurants, movies, books and more. The deal is reported to cost somewhere in the double-digit millions.”Today, we’re thrilled to announce that we’ve acquired a very talented team based in New York City to help us create a new center of mobile product development for Yahoo!,” Adam Cahan, senior vice president of Emerging Products and Technology, wrote on Yahoo’s corporate blog.”[The] entire Stamped team are a natural fit for us,” Cahan continued.
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Yahoo! focuses on mobile with app start-up buyout