Yahoo Acquires Ptch: What You Need To Know

Yahoo made a surprising move recently that it has acquired the mobile photo & video editing mobile app Ptch. The mobile app Ptch was backed by DreamWorks Animation spinoff DWA Investments and unveiled a year ago.

Here’s what you need to know:

– Yahoo paid 6.5 million of Ptch

– The Ptch app will shut down on Jan. 2nd 2013

– 3 employees at Ptch ended up joining Yahoo according to Business Insider. At peak development Ptch had 32 employees.

– According to Business Insider no founder or employee got a piece of the $6.5 million, only job offers. All of the cash went to Dream Works.

Yahoo’s been a very interesting company to watch lately with the large number of acquisitions they have made.