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Posted by on Jul 3, 2013 in Companies |

Yahoo acquires video application Qwiki

Yahoo acquires video application Qwiki

(Cc) Rasmus Knutsson

Yahoo continues its procurement plan and the latest company to add to your shopping list is Qwiki, an iPhone that lets you convert photos, music and videos in presentations. It is not known how much you paid for this app, but the average price estimated between $ 40 million and $ 50 million.

Yahoo has acquired 15 companies since Marissa Mayer is leading the company , including Tumblr, for USD $ 1,100 million , the social recommendation service and application Jybe Summly summaries.

The company said it will continue to exist as an application Qwiki, and that employees of the company will move to Yahoo’s headquarters in New York. “The application live as an independent entity within Yahoo, where we grow our bustling community where our team will continue to work to help you share the best experiences of life,” the startup said in his blog .

Link: Yahoo buys video app Qwiki (Telegraph)

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