Acquisition

Yahoo Makes Qwiki Acquisition in Another Step Towards Mobile Relevance

Yahoo on Tuesday continued its quest for relevance in mobile internet with the acquisition of Qwiki, an iPhone app that automatically makes story-telling videos out of pictures and videos shot with Apple's smartphone. The investment is just the latest in Yahoo's business moves to come to the foreground of internet services, especially for mobile.

Office Depot buys OfficeMax, Deal Worth $1.17 Billion

Office Depot Inc. has announced Wednesday it plans on acquiring Office Max Inc. in a stock transfer deal worth $1.17 billion.

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