Yahoo Has Closed The Tomfoolery Acquisition, Will Shut Down Anchor, Team To Work For Bonforte

TechCrunch

We now have more details about the deal between Yahoo and Tomfoolery, an enterprise app studio co-founded by ex-Yahoo and ex-AOL alums, which we and others have reported is getting acquired by Yahoo.

According to a source close to the deal, the acquisition has indeed now closed, and Yahoo will officially announce it as soon as this evening or tomorrow morning. The intention was to put the news out at the end of this week or the beginning of next week, but with the story coming out already, the company has sped up the timing.

Update: As we predicted it would, Tomfoolery confirmed the acquisition Wednesday morning, California time. Original post continues below.

Tomfoolery’s existing business, including its Anchor app, will be shut down. Whether the concepts behind Anchor and the other things Tomfoolery was planning will be reborn as consumer or enterprise products at Yahoo is…

View original post 400 more words

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