Yahoo Acquires Video-Chat Company OnTheAir

ontheair, yahoo, acquisitionYahoo has acquired OnTheAir, a company whose product allows an unlimited number of users to participate in a live video chat.

Led by CEO Josh Schwarzapel, the small OnTheAir team includes alumni of Apple and Google, including one engineer who worked on Google+. Google has aggressively promoted the Google+ video-chat feature, Hangouts, which limits participants to 10.

However, the acquisition is focused on talent, rather than product. OnTheAir’s chat product, which had only reached the private beta stage, will be shut down. The newly acquired staff will work on mobile products out of San Francisco.

“All in all, it’s a fascinating time to be joining Yahoo. There’s a tremendous amount of energy in the company. There are big things to be done and great products to be built, and we’re thrilled to be a part of it,” the company’s announcement said.

In the Q3 earnings call, Yahoo CEO Marissa Mayer indicated that the company would continue to focus on mobile and would continue to acquire smaller companies for talent.

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