![]() This would be crucial in bringing back advertisers as well. If successful, Yahoo may reclaim some of its lost market share going forward. Currently, Yahoo has a huge task at hand, which is to bring back its users and make them spend more time on its properties. We are positive about Yahoo as its search business continues to show signs of improvement, even in the face of tough competition from Facebook, Google ( GOOG) and Microsoft ( MSFT). Qwikis valuation in January 2011 was 30.18M. Yahoo’s attempts to strengthen its mobile offerings and upgrade pages have led to a 70% increase in mobile email usage and a 50% increase in Flickr photo uploads from mobile platforms. Qwikis latest funding round was a Acquired for on July 3, 2013. Some of its recent acquisitions include Astrid, a task-management app maker Summly, a news-condenser app maker Stamped, a mobile-review app maker OnTheAir, which specializes in broadcasting video chats or interviews to online audiences, which is a kind of clipping service for the web Propeld, a location-based apps maker Jybe, a social recommendation site Loki Studios, a mobile gaming start-up, PlayerScale, a gaming infrastructure company, photo app maker GhostBird Software enterprise conference call service provider, Rondee and mobile app developer Bignoggins Productions. ![]() The acquisitions of both GhostBird and Qwiki make sense as Yahoo wants to offer apps with new features to attract more users to its website.Īfter CEO Marissa Meyer took over the reins of the company, it has been quite active on the acquisition front. Yahoo also picked up GhostBird, a photography app-maker. Qwiki’s app is quite similar to Facebook's ( FB) Instagram, an app used for photo capture and sharing. After the closure of the deal, Qwiki’s employees will join Yahoo's mobile engineering team at its California headquarters. It also entered into a partnership with ABC News to create interactive stories for the news platform. It launched an app for iPhone wherein users could create movies from photos and videos stored on their phones. was founded by Doug Imbruce and Louis Monier in 2011. Financial details of the deal were not disclosed. for $50 million (reported by AllThingsD). ( YHOO) recently announced the acquisition of mobile app developer Qwiki Inc. The purchase should help Yahoo keep abreast of Facebook and Twitter that provide similar services via Instagram and Vine respectively.Internet giant Yahoo! Inc. The application combines filters, transitions, soundtracks to create stories and offers a vine like social networking component as well. The acquisition cost Yahoo about $50 million. The terms of the deal haven’t been revealed but considering the popularity of the products, it is probable that Shen has scored a very good deal from Yahoo.Īdditionally, Yahoo has also acquired Qwiki which is a video sharing startup. Yahoo has pulled both the applications from the stores and will be incorporating the technology into their official Fantasy Sports products. Bignoggins had two applications, Fantasy Monster and Draft Monster on the App Store and Google Play Store. The only employee at the company is the founder, Jerry Shen, who says that his technology will be embedded into Yahoo’s products. Yahoo has been on a spending spree lately and has acquired quite a few startups with its latest acquisition being Bignoggins Productions, an app development firm that makes iOS applications.
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