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Yahoo Acquires Cross-Platform Video Streaming Startup QuikIO

Yahoo is once again proving to be an indefatigable acquirer of tech startups. Just a week after it was reported to have bought the DreamWorks-funded video-sharing app Ptch, the Internet giant has been confirmed to have purchased the cross-platform video streaming startup QuikIO. QuikIO's acquisition was confirmed by a Yahoo spokesperson to PandoDaily:
“I can confirm that three employees from QuikIO have joined Yahoo’s video team in Sunnyvale,” the Yahoo spokesperson said in an email. “We’re excited to welcome the team to Yahoo and aren’t going to comment further on deal terms or future plans.”
Apparently, neither Yahoo nor QuikIO has officially announced the deal, which, considering the Yahoo spokesperson's words, seems to be an "acqui-hire." But QuikIO has posted a service shutdown notice on its website. The notice, which has also been emailed to QuikIO users, states that QuikIO, which enables easy streaming, downloading, and sharing of files and videos from computers to iOS Devices, is set to shut down by the end of the year. After Dec. 31, 2013, QuikIO will no longer offer support and its apps for iOS, Mac, and Windows will no longer be available to download. However, QuikIO's apps will continue to function but only in LAN discovery mode. If you're looking for an alternative streaming service, QuikIO recommends Plex, Tonido, Air Video, or Air Playit. Along with Ptch, QuikIO is one of the latest services to be discontinued following their acquisition by Yahoo. Other services that have suffered a similar fate include Summly, Astrid, KitCam, and Bignoggins. Unlike QuikIO and those aforementioned services, Qwiki, the "quick" video creation app acquired by Yahoo last July, remains available in the App Store.
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