Yahoo buys photo ad network Luminate, shuts it down | VentureBeat | Marketing | by Richard Byrne Reilly

Yahoo is continuing their buying binge in a bid to strengthen its core online advertising offerings.

Fresh off their $240 million purchase of mobile analytics standout Flurry in late July, and 13 other companyies so far this year, Sunnyvale-based Yahoo bought interactive photo ad network Luminate Friday for an undisclosed sum and did what they sometimes do when buying a company.

They shut it down.

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