Read
- Shooting death of gay man rocks New York's cradle of gay rights
- Taxes on some wealthy French top 100 pct of income: paper
- Justin Bieber, Taylor Swift big winners at Billboard Awards
- Hezbollah steps up Syria battle, Israel threatens more strikes
|
- Powerful tornadoes strike in four central U.S. states
|
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Ethiopia's salt trails
For centuries merchants have traveled to Ethiopia to collect salt from the surface of the vast desert basin. Slideshow
Sponsored Links
Yahoo acquires video chat startup company
The headquarters of Yahoo Inc. is shown in Sunnyvale, California May 5, 2008.
Credit: Reuters/Robert Galbraith
SAN FRANCISCO |
SAN FRANCISCO (Reuters) - Yahoo Inc said it acquired a five-person video chat company on Tuesday, the second deal by new Chief Executive Marissa Mayer to bolster Yahoo's mobile capabilities.
Yahoo did not disclose the financial terms of its acquisition of OnTheAir, but said the team would be joining Yahoo's mobile group.
A Yahoo spokeswoman said that Yahoo had not plans to offer OnTheAir's existing product, which lets Web users host live video conversations and was launched in March.
The deal marks the second small, mobile-oriented deal since Mayer became CEO earlier this year. In October, Yahoo acquired Stamped, a New York-based mobile startup that allows consumers to share information about favorite restaurants and music on their smartphones.
Mayer, a former Google Inc executive, has said that her top priority is to create a coherent mobile strategy for Yahoo and that she intends for at least half of the company's technical workforce to be working on mobile products.
Shares of Yahoo were up 1.5 percent at $18.82 in trading on Tuesday.
(Reporting By Alexei Oreskovic; Editing by Tim Dobbyn)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters