Yahoo! acquires video chat company OnTheAir

Reuters is reporting that, Yahoo! has acquired video chat company OnTheAir. Terms of the deal were not disclosed.

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.

This is the second acquisition for Yahoo’s mobile group since Marissa 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.

See the announcement at OnTheAir’s website here.

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