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Yahoo! acquires video chat startup firm

  • Yahoo! announced on Tuesday it has acquired a five-person video chat company.

    The deal is the second to be struck by new Chief Executive Marissa Mayer and comes in a bid to boost the company’s mobile capabilities.

    Yahoo! did not disclose the financial terms of its acquisition of OnTheAir but added the team would be joining its mobile group.

    In October, Yahoo acquired Stamped, a mobile startup that enables consumers to share information about their favorite restaurants and music using their smartphones.