Qwiki acquired by Yahoo in around $50 Million

Qwiki launched in Jan 24, 2011 is a New York City based startup company who developed an app for iPhone users. Qwiki app is  capable for automatically turning the pictures and videos into movies. It takes pictures and videos from user’s camera roll and then user can share that movies created by this app.

Yesterday Yahoo! acquired Qwiki for $50 Million. Qwiki is just an iOS app which also got Apple’s Editor’s choice award in 2011. After this acquisition team of Qwiki will move to yahoo’s New York Office and the app will remain on Apple’s Store.

Here’s how Qwiki works:

Yahoo and Qwiki story:

Download Qwiki for iPhone. Qwiki home page.