Pinterest 'acqui-hires' Livestar team
Pinterest has agreed to purchase Livestar, a 2-year-old mobile application that doles out recommendations for restaurants, movies, and music, the companies announced today.
Terms of the deal were not disclosed, but Livestar's application was shuttered immediately, which means that Pinterest's purchase is technically an "acqui-hire" and is motivated entirely by an interest in pinning down more talent.
The engineering team behind Livestar's soon-to-be-defunct service is transferring over to the social network for inspiration in the weeks ahead. But Livestar founder and CEO Fritz Lanman, a former Microsoft executive and angel investor with a stake in … Read more