By Alexei Oreskovic
SAN FRANCISCO (Reuters) - Yahoo Inc said it acquired a five-person video chat company on Tuesday, the second deal by new Chief Executive Marissa Mayer to bolster Yahoo's mobile capabilities.
Yahoo did not disclose the financial terms of its acquisition of OnTheAir, but said the team would be joining Yahoo's mobile group.
A Yahoo spokeswoman said that Yahoo had not plans to offer OnTheAir's existing product, which lets Web users host live video conversations and was launched in March.
The deal marks the second small, mobile-oriented deal since Mayer became CEO earlier this year. In October, Yahoo acquired Stamped, a New York-based mobile startup that allows consumers to share information about favorite restaurants and music on their smartphones.
Mayer, a former Google Inc executive, has said that her top priority is to create a coherent mobile strategy for Yahoo and that she intends for at least half of the company's technical workforce to be working on mobile products.
Shares of Yahoo were up 1.5 percent at $18.82 in trading on Tuesday.
(Reporting By Alexei Oreskovic; Editing by Tim Dobbyn)
Wyo., ND Governors To EPA: Hey, We Need More Time On Clean Power Plan Regulations Because You Totally ‘Blindsided’ Us | Matt Vespa
House Democrats Will Try To Dissolve Select Committee On Benghazi Tonight UPDATE: Voted Down, Committee Remains | Matt Vespa
The truth about gun deaths: numbers and actual solutions
Oregon Town Blasts Obama's "Inappropriate," "Disrespectful" Visit After College Shooting - Bearing Arms - Barack Obama, Mass shootings, Umpqua Community College
Crony Capitalism Driving Nevada Energy Controversy | Human Events
Recycling: The Triumph of Feel-Goodism over Common Sense
Second data storage firm emerges with possible cloud backups of Hillary Clinton's emails - twitchy.com
Thomas Sowell - Charlatans and Sheep
Ted Cruz finds a question that the Sierra Club DARED not answer. | RedState