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.<\/p>\n
Yahoo did not disclose the financial terms of its acquisition of OnTheAir, but said the team would be joining Yahoo’s mobile group.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Shares of Yahoo were up 1.5 percent at $18.82 in trading on Tuesday.<\/p>\n
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