Yahoo acquired a mystery company for $23 million in Q1
Agence France Presse
But 2015 has been strangely quiet on the M&A front, with a surprising and rather abrupt absence of any Yahoo acquisitions.
Or so it seemed.
It turns out that Yahoo acquired an unnamed company for $23 million during the first three months of 2015, according to its 10Q filing with the SEC on Thursday.
The filing provided few details about the transaction other than to say that the purchase price was based on estimated fair values for the following: $5 million to amortizable intangibles; $2 million to net liabilities assumed; and the remainder of $20 million to goodwill.
During the same period last year, Yahoo acquired 5 companies for $23 million, the filing notes.
We've reached out to Yahoo for more information and will update if we hear back.
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