Yahoo Eyes CafeMom To Provide Edge In Women's Strategy (YHOO)

8/17/2010-Yahoo (NASDAQ:YHOO) is close to a deal to acquire CafeMom, All Things Digital reports, citing a number of sources.

The price for CafeMom, a social networking community site that focuses at mothers, is expected to be valued at approximately $100 million.

The move is expected to boost its foothold in the women's space.

AllthingsD said several sources indicated that the two were in "deep negotiations."

SmarTrend alerted subscribers to take profits in Yahoo! on April 28, 2010 at $16.82, since then the stock fell 16.8%. We are now watching for any positive developments that could result in a new uptrend signal.

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