Yahoo Acquires, Shuts Down Luminate, An Interactive Image Platform

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Yahoo Inc. offices, housing its Search Marketing Group, are pictured in Burbank Another acquisition today from Yahoo to beef up its advertising and media business. It is buying Luminate, a startup founded by LiveOps, Netscape and Yahoo alums that has created a platform for interactive, tagged images — or, as we have called it in the past, an AdSense for images.
Terms of the deal, which was announced on Luminate’s homepage, have not been disclosed. Read More