Amazon buys TextPayMe
The deal is worth a rumored $3 million as Amazon branches out its payments strategy, allowing users to text money to each other by SMS.
Yahoo buys Viaweb
Yahoo issues 455,000 common shares in exchange for Viaweb, valuing the deal around $49 million. Viaweb now has 21 full-time employees at its Cambridge, Mass., headquarters. Graham says it was an early prototype for today’s startups:
The reason we know that it’s possible to start a start-up with about $10,000 and someone to help with the paperwork is because that’s exactly what we had.