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Yahoo acquires video chat startup OnTheAir

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Sunnyvale, Calif.—Yahoo Inc. has acquired video chat broadcasting app OnTheAir. Financial terms of the deal were not disclosed. OnTheAir enables content producers to webcast single or split-screen interviews. OnTheAir's five employees will work with Yahoo's mobile division in San Francisco. OnTheAir will no longer operate as a standalone product. The deal marks the second Yahoo acquisition since Marissa Mayer took charge as CEO in July. In October, Yahoo acquired mobile recommendations app Stamped for an undisclosed price.
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