Yahoo Looks to Get OnTheAir in Online and Mobile Video
December 6, 2012
Video chat app OnTheAir has been acquired by Yahoo! (NASDAQ: YHOO) for just under $10 million only nine months after launching. The fledgling company received its initial funding in March of this year through an $880,000 seed round led by True Ventures and Scott Banister, the cofounder of IronPort. Following more than a year without an acquisition, the OnTheAir deal marks Yahoo!’s second transaction in less than six weeks.