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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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik