Yahoo acquires video chat startup company
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. . . .
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