Yahoo is in a spending mood and his unbridled purchases continue unabated. Sunnyvale company announces the purchase of Qwiki , an application that allows you to convert photos, music and video clips into “mini-movies”. Details of the operation were not disclosed. The transaction, according to AllThingsD, would be worth around 50 million dollars.
Yahoo's new purchase follows a $1,1 billion acquisition of social media mega Tumblr as well as a bid for streaming video site Hulu. Sunnyvale's next purchase could be Xobni, an app that creates a contact list based on your e-mails, for which – as reported in recent days by AllThingD – the company led by Marissa Meyer would be ready to shell out from 30 to 40 million dollars.
Attachments: All Things D
