Yahoo Acquires Astrid
- Astrid to close within 90 days
- Terms of acquisition not revealed
- Refund for users with annual subscriptions
Yahoo has been relentless these past few months with its acquisition of numerous mobile companies in its hopes to get itself back in the groove.
- Astrid to close within 90 days
- Terms of acquisition not revealed
- Refund for users with annual subscriptions
Yahoo has been relentless these past few months with its acquisition of numerous mobile companies in its hopes to get itself back in the groove. Today, the company has announced that it has recently acquired the to-do-list and task management app Astrid.
Astrid which was founded in 2008 is a cross-platform to do list application that let users create and share lists, and collaborate with other people on projects using the app’s social network.
The terms of the deal were not disclosed but reports suggest that Yahoo may have paid a hefty price for Astrid. As for Astrid’s staff, they will be absorbed by Yahoo including its co-founders Tim Su and Jon Paris.
As for the future of the app, the company has announced that they will continue to support the app for the next 90 days but will no longer accept new premium subscriptions. The company has also advised the public that it will get in touch with users shortly in order to help them download their data before they lay the app to rest. For users who have existing annual subscriptions, Astrid has promised that it will issue refunds in the near future.
Both companies have made their respective statements about the acquisition with both Yahoo and Astrid expressing positive outlook with regards to the acquisition. What do you think will Yahoo do with Astrid? Share with us your thoughts by leaving a comment below. You can also subscribe to our site for other tech news and stories or add us up on Facebook, Twitter, Pinterest and Google Plus.
