Yahoo wiped out the entire value of the mystery company it bought for $23 million last year

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In May 2015, Yahoo disclosed in a regulatory filing that it spent $23 million on an unnamed company based outside of the US. The mystery acquisition seemed odd, given the scant details provided in the filing and the fact that Yahoo was at the time slowing down a buying spree which amounted to dozens of startups in 3 years. Yahoo still hasn’t disclosed the name of the company or the rationale behind that particular transaction. But it did reveal one important footnote about the company in its latest filing on Tuesday: the entire goodwill value of the company has been written off. “The entire goodwill amount which was recorded in the EMEA segment was subsequently impaired during the fourth quarter …

Business Insider

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