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TECHNOLOGY => Computing and Internet => Topic started by: ReadWrite on Jul 03, 2013, 01:02 AM

Title: Yahoo Picks Up Qwiki For A Rumored $50M
Post by: ReadWrite on Jul 03, 2013, 01:02 AM

Yahoo announced that it has just acquired New York–based Qwiki (, a startup known mainly for an iOS app ( that automatically turns users' pics, music and vids into brief movies. Yahoo paid roughly $50 million in the deal, All Things D reported (

(See also: Move Over, Flipboard: Qwiki Is The iPad's Newest Killer App ( and In Defense Of Qwiki (

Qwiki fans might fear for its life, given Yahoo's penchant for dropping the axe on new acquisitions. But Yahoo promises to keep the Animoto-like app whole: “We will continue to support the Qwiki app, and the team will join Yahoo in our New York city office to reimagine Yahoo’s storytelling experience,” the company wrote in a blog post (