(MENAFN) US internet company giant Yahoo Inc is set to acquire Qwiki Inc, a mobile app for creating videos in Apple Inc's iPhone, Reuters reported.
The company is moving forward to strengthen its presence in the world of smartphones and tablets.
This is Yahoo's third acquisition since May when it bought blogging service Tumblr for USD1.1 billion in cash.
Earlier this week, the company reportedly acquired Bignoggins Productions, another mobile app developer.
Qwiki's app would continue to be supported by Yahoo and its employees would move to Yahoo's New York offices.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.