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Look out VC’s — Yahoo has admittedly announced they are now acquiring businesses before companies have even completed a product, simply based on an idea.

“We’ve been acquiring companies earlier and earlier - before VC
funding, before revenue, and in some cases before the completion of
their products,” explained Hugh Jorgan, newly-appointed Vice President of Pre-Business Development. “By buying companies before they’re
founded, we move directly to the natural conclusion of the trend.”

So, I was right.

Yahoo! Announces Acquisition of Company Before Its Foundation

Technorati Tags: internet, web, business, tech

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