The Motley Fool has a disclosure policy.Ĭopyright © 1995 - 2013 The Motley Fool, LLC. Collaborating with the team at Podz and Qwiki was a lifetime highlight. As an undergrad, I helped launch one of the first student-run film festivals (it’s still a thing). My career began in TV production at Comedy Central’s Daily Show. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Qwiki was ultimately acquired by Yahoo after winning TechCrunch Disrupt. Try any of our Foolish newsletter services free for 30 days. The article Yahoo! Acquires Qwiki originally appeared on .įool contributor Eric Volkman owns shares of Yahoo! The Motley Fool recommends and owns shares of Apple. Yahoo! said that the Qwiki team will work from the sprawling Internet company's New York City office. In an official company blog post announcing the acquisition, Qwiki said its namesake app is to remain a "stand-alone entity inside Yahoo!, where we will grow our thriving community and where our team will continue to work to help you share life's best experiences." According to The Wall Street Journal's All Things D, the price was in the $40 million to $50 million range. Neither Yahoo! nor Qwiki revealed the terms of the deal. The company revealed - in a post on another recent purchase, Tumblr - that it acquired Qwiki, which produces an app for Apple's iOS ecosystem that creates short movies from photos and videos on a user's mobile device. For the second time in as many days, acquisitive Internet giant Yahoo! has announced that it has bought a small tech company.
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