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Yahoo Buys Mobile App Qwiki

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Yahoo Buys Mobile App Qwiki
AIRED:
CEO Marissa Mayer's latest buy in her shopping spree strategically fits two of her aims in transforming and reviving Yahoo: mobile and video. Yahoo is buying Qwiki, a mobile app that allows iPhone users to turn their photos, music and videos into short movies. The company didn't say how much it paid, but the tech blog AllThingsD says it forked over 50 million dollars. Qwiki quickly turned its announcement into ... you guessed it, this qwiki video, hearting its new owner.moreless
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