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Yahoo deal nets mobile expertise
Yahoo has bought another Silicon Valley mobile startup as chief executive Marissa Mayer tries to create more compelling products for smartphones and tablet computers.
The acquisition of OnTheAir follows Yahoo's recent purchase of mobile startup called Stamped. In both cases, Yahoo was drawn more by the engineering talent working at the startups than the services that they have been offering.
Yahoo, which is based in Sunnyvale, California, did not disclose how much it paid for OnTheAir, which is based in San Francisco.
The service enables users to hold online video chats in a talk-show format. Yahoo did not say whether it intends to continue OnTheAir's service.
Yahoo is in the process of closing Stamped's service just six weeks after announcing that deal.