Yahoo Buys Qwiki

Looks like Yahoo is not coming out of their shopping boots easily . With the view to regain marketshare Company has bought another startup.

After acquiring some biggies like Tumblr and Bignoggins Productions now has got Qwiki, iPhone App that lets user create
movies out of their pictuers and music for around $40m – $50m (£26m-£33m).

Yahoo said in a statement that it “will continue to support the Qwiki app, and the team will join Yahoo! in our New York city office to reimagine Yahoo!’s storytelling experience”.

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