Yahoo acquires Rockmelt social web apps maker

Yahoo buys start up Rockmelt to boost its mobile and social networking efforts.

Yahoo acquires Rockmelt social web apps maker

Yahoo acquires Rockmelt social web apps maker

Yahoo CEO, Marissa Mayer, has bought her 21st company during her stint at the web giant, and this time, it is social browser makerRockmelt. The financial details about the deal have not been disclosed yet, but according to the sources Yahoo has bought the company for approximately $60-70 million.

Rockmelt had launched a Facebook-focused web browser in late 2010 but later shifted its focus to mobile applications and released an Android application for content consumption. Rockmelt had raised around $40 million in funding prior to its acquisition but was unable to gain any significant consumer base. The company’s web traffic was around 650,000 unique visitors per month, and its iTunes weekly downloads have also reduced considerably.

Yahoo added that the four year old company will shut down its apps by the end of the month, but the company’s technology will be used within Yahoo to bring in more traffic and revenue from mobile devices. According to a source, Rockmelt’s CEO Eric Vishria will be joining Yahoo as Vice President of products for Yahoo’s media properties and CTO Tim Howes will be joining as Vice President of engineering for Yahoo’s mobile products.

According to a Yahoo spokesperson, “Thirty-two Rockmelt employees have joined our media and mobile organization. We aren’t going to discuss specifics, but we plan to integrate the Rockmelt technology into our media platform in order to deliver content in new and exciting ways. Stay tuned!”

Rockmelt co-founders Tim Howes and Eric Vishria wrote on the company blog about the acquisition :”Yahoo and Rockmelt share a common goal: To help people discover the best content from around the Web.”

Yahoo has recently bought blogging service Tumblr for $1.1 billion making it the company’s biggest acquisition. It has also bought some small startups like QwikiXobni and Lexity recently.

Source: CNET

HTC One Max Android smartphone shows off 5.9-inch display in leaked images

The almost-confirmed HTC One Max will be a larger variant of the HTC One with the same design and upgraded hardware.

HTC One Max Android smartphone shows off 5.9-inch display in leaked images

HTC One Max Android smartphone shows off 5.9-inch display in leaked images

Images of the forthcoming HTC One Max smartphone have been leaked online and show the phone’s massive 5.9-inch display. The One Max is a larger version of the HTC One, the Taiwanese phone maker’s flagship smartphone that was revealed in February of this year and launched in March. Apart from the One Max, HTC is also expected to launch the One Mini this month, which is a smaller, lower-priced variant of the original One.

As expected, the leaked images show that the HTC One Max will carry over the same design elements as the original One. This includes an aluminium unibody, a very thin bezel with two thin strips of metal at the top and bottom of the display, which host the speaker grills and the front-facing cameras.

The HTC One Max is expected to be powered by a Snapdragon 800 SoC with a 2.3GHz quad-core processor, Adreno 330 GPU and 2GB of RAM. The 5.9-inch display will have full-HD resolution and the smartphone will feature the same 4MP Ultra-Pixel camera as the original One. The One Max is expected to be about 9.4 mm thin and will run on Android 4.3 Jelly Bean with the HTC Sense 5.5 UI and a 3300mAh battery.

There’s no word yet on an actual launch date or pricing, so keep your eyes on this space.

Source: GSM Arena