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The media giant acquires the creative minds behind an iPhone app that lets users turn their photos, videos, and music into sharable movies.
The service will shut down on December 31 -- just one of more than 60 products that the company has discontinued over the past two years.
The tech giant acquires the "one-stop-shop of e-commerce services" and plans to keep the startup's products and initiatives up and running.
The spend-happy tech company nabs the startup for reportedly about $70 million, to help with content discovery.
The company has contact app provider Xobni and video app maker Qwiki in its sights, according to AllThings D.
Co-founders of Fast Society, an eager New York social app start-up, believe that the company's success at the Austin festival next month will indicate whether it will survive another year.
With rumors that Google is mulling a deal for Groupon, what other companies might it be evaluating over the next few months?