Yahoo gets Wretch

By Vivek | December 14th, 2006 at 11:27 am ET         

Few months back we have come to know about the possibility of Yahoo increasing its share in Wretch, the biggest blog hosting and online photo album service provider, located in Taiwan. Instead of that, today Yahoo Taiwan signed a deal of acquire Wretch for an estimated $22 million. Wretch is estimated to have 6.5 million users. The deal will have to go through Taiwanese regulators before it is finally wrapped up early next year.