Allthingsd recently reported that Yahoo is looking to buy another mobile app company in a reportedly $50 million deal. The app in question is Qwiki, an app that allows users to turn photos, music and videos into short movies on the go automatically.
This is not the first mobile app that Yahoo has bought and by the looks of it, certainly not the last. No official announcements have been made as yet. Last year it hooked up with Yahoo news partner ABC News on a publishing platform to quickly create interactive stories.
Yahoo’s CEO Marissa Mayer is a busy person these days with so many acquisitions taking place one after another. Most recent was Tumblr for reportedly north of $1.1 billion. Tumblr is a social micro blogging platform.
Source – Allthingsd