Kara Swisher

Recent Posts by Kara Swisher

Yahoo Paid Between $35M and $40M for Lexity E-Commerce App Platform

According to sources close to the situation, Yahoo forked over between $35 million and $40 million in cash to buy Lexity, the e-commerce app platform startup. (The companies had declined to outline terms of the deal, so I decided I would.) AllThingsD reported last week that the Silicon Valley Internet giant was interested in acquiring Lexity, which was founded and is led by a well-regarded former Yahoo exec, Amit Kumar. Lexity said the service would continue to run, but eventually under new Yahoo branding. Before the acquisition, Lexity had raised close to $6 million from a range of investors.


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There’s a lot of attention and PR around Marissa, but their product lineup just kind of blows.

— Om Malik on Bloomberg TV, talking about Yahoo, the September issue of Vogue Magazine, and our overdependence on Google