Yahoo acquires video chat start-up OnTheAir

December 05, 2012

Yahoo has acquired a video chat start-up OnTheAir as the company focuses on mobile applications and services. "When we first met with the team at Yahoo!, it was clear that everybody there is committed to making mobile products the backbone for the world's daily habits," the five-member OnTheAir team said in an announcement on their website. The financial terms of the deal were not disclosed. Yahoo sources said the acquisition was for the talent, and that the OnTheAir product will not be continued. One OnTheAir team member, Daniel Hopkins, was working at Google on infrastructure that supports Gmail and Google+, while Mike Kerzhner and Erik Goldman worked previously on products at Apple, according to the OnTheAir website. To read this article in full or to leave a comment, please click here

Link: http://www.pcworld.com/article/2018582/yahoo-acquires-video-chat-start-up-ontheair.html