Just nine months after launch, video chat broadcasting app OnTheAir has been acquired by Yahoo for an undisclosed sum. All five team members are coming along to work on the mobile team at Yahoo under Adam Cahan. OnTheAir lets friends chat and content producers webcast single or split-screen interviews. The team could help Yahoo compete with Google Hangouts or build mobile communication apps. → Read More
According to Reuters, Yahoo! is actively closing down its Korean business and cutting around 200 jobs. We’ve reached out to Yahoo! for comment and confirmation and will update you as soon as we hear back.