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Ptch, a mobile photo and video editing app that was created by a team spun out of DreamWorks, is shutting down so it can become part of Yahoo, the company told users today (co-founder Ed Leonard was already back at DreamWorks). Over the years, Yahoo has bought various video editing startups, including Jumpcut and more recently Qwiki. Ptch closes down Jan. 2.
News Bytesaid it has purchased natural-language outfit SkyPhrase for an undisclosed sum. SkyPhrase and its small team of four will become part of the Yahoo Labs team in New York, where they will presumably bring their natural-language-processing acumen to bear on Yahoo’s search and mail products.
News Byteregulatory filing, Yahoo said that it completed its previously announced offering of $1.25 billion in convertible senior notes due in 2018. The Silicon Valley Internet giant said it would use the net proceeds for a number of corporate purposes, including “acquisitions or other strategic transactions, additional repurchases of common stock and working capital.”