Video chat startup OnTheAir acquired by Yahoo

Yahoo has just snapped up some new talent in the form of OnTheAir, a California-based startup that connects people via live video chats.

The five-man team of OnTheAir announced the news on its website. Yahoo also confirmed this in an email.

When OnTheAir launched in March, it was simply a group of friends with the dream of building a company "that made a difference in the daily lives of millions," the site read. Now they have that chance.

"When we first met with the team at Yahoo, it was clear that everybody there is committed to making mobile products the backbone for the world's daily habits," the team wrote.

OnTheAir combines the know-how of former Meebo, Google, Apple, and Cookiris employees, "coached and mentored by some of the brightest investors and advisors in Technology," the team continued. They admittedly have not "yet attained our dream of building a widespread daily use product," but with Yahoo, "there are big things to be done and great products to be built, and we're thrilled to be a part of it."

"Hiring the most talented mobile product thinkers and engineers is a big priority for us moving forward," Yahoo's senior vice president of emerging products and technology, Adam Cahan, said.

Cahan described the OnTheAir team as a great addition to Yahoo, adding "we can't wait to work with them to create the best possible mobile experience for our users." Exactly what that experience entails remains to be seen.

According to a TechCrunch profile of the company from March, OnTheAir allows for a chat host and guest to chat in front of a larger audience, like a "radio call-in show for the digital age."