Analysts indicate that Yahoo's recent acquisitions of smaller companies and large scale company like Tumblr are aimed at reinforcing Yahoo's mobile and media pushes, the report added. On the heels of acquiring Tumblr for 1. Its acquisition last year of Qwiki, a startup with an iOS app that makes videos out of people’s photos, was different. Yahoo has been recently on an acquiring spree with small companies but Tumblr being the only exception of large-scale company priced at a whopping 1.1 billion dollars. Yahoo immediately shuts down the services from many of the startups it buys. The report said that Yahoo is speculated to have paid around 40 to 50 million dollars for Qwiki. Yahoo said that it will continue to support Qwiki app and their team will join Yahoo's New York city office to reimagine Yahoo's story telling experience. According to the report, Qwiki is an iPhone app that allows users to gather photos, short video clips and other multimedia and create a short, easily-shareable video clips. Qwiki CEO Doug Imbruce said that Qwiki will remain an independent app like Tumblr within Yahoo and continue to grow their thriving community and help create better user experience, ABC News reports.

Internet Corporation Yahoo has added Qwiki, a video-sharing app to its list of recent acquisitions of technology companies.

New York, July 3: Internet Corporation Yahoo has added Qwiki, a video-sharing app to its list of recent acquisitions of technology companies. Read more about Yahoo acquires video-share app Qwiki on Business Standard. Follow us on yahoo acquires video share app qwiki

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