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Yahoo acquires OnTheAir video chat startup

12/04, 6:27pm

Five-person video chat company to join Yahoo's mobile group

Yahoo announced today that it had acquired OnTheAir, a five-person video chat startup company, in a deal meant to improve Yahoo's mobile communications capabilities. The financial terms of the deal were not disclosed, but Yahoo did say that OnTheAir's team would be integrated into Yahoo's mobile group. The acquisition is seen by some observers as part of a continuing effort on the part of Yahoo CEO Marissa Mayer to improve the company's ability to compete in the mobile sector.

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