NEWS WRAP: Yahoo to acquire mobile analytics and advertising platform, Flurry

Yahoo is set to buy mobile analytics and advertising platform company Flurry.

Over 170,000 developers are using the Flurry platform for analytics, ad monetisation and traffic acquisition.

Together they have over 540,000 applications on the Flurry platform, a number that has been constantly increasing since 2008.

Flurry’s president and chief executive officer Simon Khalaf announced the acquisition in a blog post.

“Like us, Yahoo is committed to mobile and has become a mobile first company with over 450 million mobile MAUs, a number that has grown by 36% since last year,” he says.

“Yahoo is committed to being a part of consumers’ daily life on mobile. More importantly, Yahoo knows that I can’t do this alone. We need the help of all the mobile app developers to deliver great content, services and experiences to billions of consumers.”

Seoul to ban Uber

The Seoul city government says it will seek a ban on Uber.

The local authority says Uber is illegal under South Korean law, which does not allow fee-paying transport services using private or rented motor vehicles unregistered with the authorities.

It says it will launch an app in December that will provide similar features to Uber for official taxis, such as geo-location on nearby taxis, information about them and their drivers, as well as ratings.

Urban Compass raises $40 million

The New York marketplace for renting and buying apartments is set to expand into more cities in the United States after raising $40 million from investors.

Financing from Advance Publications Inc., Marc Benioff and other investors more than doubles the startup’s valuation to over $360 million.

Overnight

The Dow Jones Industrial Average is down 48.45 to 17,051.73. The Australian dollar is currently trading at US94 cents.