Yahoo! gets Qwiki
Posted by: Jon on 07/03/2013 07:10 AM
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Yahoo! announced that it has acquired Qwiki, the video making iPhone app for a reported $50 Million. The iPhone app, automatically turns pictures and videos that you already have on your iPhone into quick, beautiful movies to share, including transitions and a soundtrack.
Qwiki, a New York start up, released a 'Qwiki' video about joining Yahoo! and said: “The Qwiki app will live on as a standalone entity inside Yahoo!, where we will grow our thriving community and where our team will continue to work to help you share life’s best experiences.”
The Pentagon Post reports that since Marissa Mayer joined Yahoo as its CEO, the Internet Company has acquired 15 other companies and startups to increase its mobile software portfolio. And the biggest addition is acquisition of Tumblr for $1.1 Billion.
Yahoo’s outlook and the company’s revenue has increased 62 percent to $28.2 billion since she became chief executive.
As of now, Qwiki will remain a separate brand and operates independently, but Qwiki employees will move to Yahoo’s office in New York.
Qwiki, a New York start up, released a 'Qwiki' video about joining Yahoo! and said: “The Qwiki app will live on as a standalone entity inside Yahoo!, where we will grow our thriving community and where our team will continue to work to help you share life’s best experiences.”
The Pentagon Post reports that since Marissa Mayer joined Yahoo as its CEO, the Internet Company has acquired 15 other companies and startups to increase its mobile software portfolio. And the biggest addition is acquisition of Tumblr for $1.1 Billion.
Yahoo’s outlook and the company’s revenue has increased 62 percent to $28.2 billion since she became chief executive.
As of now, Qwiki will remain a separate brand and operates independently, but Qwiki employees will move to Yahoo’s office in New York.
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