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Yahoo Eying App Maker Tomfoolery

Yahoo is reportedly about ready to pay $16 million for business app developer Tomfoolery. Led by Kakul Srivastava, a former Yahoo engineer, Tomfoolery aims to “help co-workers socialize and collaborate in the same way they do with friends on sites like Facebook,” The Wall Street Journal’s Digits blog reports. “Their first software program, Anchor, lets groups of colleagues share files and discuss work projects using simple apps for iPhones and Android.”

Read the whole story at The Wall Street Journal »

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