Reuters: Technology News: Yahoo acquires video chat startup company

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Yahoo acquires video chat startup company Dec 4th 2012, 18:37 Tweet Share this Email Print Related News Facebook to share data with Instagram, loosen email rules Wed, Nov 21 2012 Yahoo shares reach 18-month high as investors warm to new CEO Mon, Nov 19 2012 U.S. judge tosses Apple vs. Google lawsuit over patents Mon, Nov 5 2012 Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » The headquarters of Yahoo Inc. is shown in Sunnyvale, California May 5, 2008. Credit: Reuters/Robert Galbraith By Alexei Oreskovic SAN FRANCISCO | Tue Dec 4, 2012 1:17pm EST 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) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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