Deals
Yahoo to Pay $230 Million for Shopping Site Polyvore
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Yahoo! Inc. is paying about $230 million for shopping service Polyvore Inc., people with knowledge of the matter said, as the Internet portal seeks new ways to draw in users and advertisers.
The deal, announced last week, includes about $40 million in retention payments, according to the people, who asked not to be identified because the information hasn’t been disclosed. Polyvore, which lets people put together collections of fashion goods on the Web, has been slightly profitable to break-even, the people said.