On April 14, 2005, Yahoo! Inc. acquired Vancouver-based Ludicorp Research & Development Ltd. Ludicorp is the creator of the Flickr online photo management and sharing application, which permits users to upload and share personalized photo collections on the Internet. The amount of the transaction is undisclosed.
Yahoo! was represented by Steve Tonsfeldt, Matt Gosling and Amar Murugan of Heller Ehrman LLP’s Menlo Park office. Canadian advice was provided to Yahoo! by John Leopold, Neville McClure and Thomas Wachowski of Stikeman Elliott LLP, with Canadian tax advice provided by Frédéric Harvey and Christian Meighen of Stikemans.
Ludicorp was represented by David Raffa, Evan Johnston and Gary Floyd of Catalyst Corporate Finance Lawyers in Vancouver.