Yahoo Acquires Distill and Shuts it Down

Yahoo’s acquisition spree is continuing and now it has acquired a start-up with the name Distill which managed to start up with a seed money of $1.3 million only five months ago.

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Distill has now posted on its blog that Distill will shut its services down and its seven employees will be moving to Yahoo.

Distill is a start up that works on improving ways to help organizations recruit the technical resources and has solutions based on programming challenges and video interviews. Distill was still in its private beta and working and testing its services with companies like Disney, Box, ClearSlide, ModCloth and FiveStars.

However, the tech recruitment solutions is not what Yahoo was interested in this acquisition.

Distill’s co-founder Den-Kai Chen, was earlier working for TapJoy and before that with Google. And at TapJoy he was working on solutions to offer rearwards users for viewing ads or downloading recommended apps by TapJoy. Initially TapJoy became a bit controversial because a few of the rewards it offered turned out to be on the fishy side. But TapJoy has managed to be known as a reliable company now with a mobile user reach of 450 million each month.

A Yahoo spokesman confirmed to Business Insider that it has acquired Distill for its team’s experience with TapJoy. He said:

I can confirm that we are hiring seven employees from Distill, all of whom are expected to join Yahoo in Sunnyvale next week. Prior to creating Distill, this group was part of the original team behind the creation of Tapjoy, a mobile performance-based advertising platform that drove deep engagement and monetization opportunities for mobile app publishers. At Yahoo, they’ll be drawing upon their expertise from the Tapjoy days to help us build out our mobile advertising solutions.

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