by Mark Walsh on Jul 3, 9:31 AM
In its latest mobile deal, Yahoo on Wednesday announced acquiring Qwiki, the startup behind the iPhone app that automatically turns a user’s pictures, music and videos into slideshow videos. Terms of the transaction were not disclosed, but AllThingsD estimated the purchase price at $40 million to $50 million. The tech blog first reported on the rumored deal a few weeks ago. Yahoo said in a
blog post it will continue to support the Qwiki app and the company’s employees would join its New York City office “to reimagine Yahoo’s storytelling experience.” Qwiki launched its iPhone app earlier this year …