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Mobile Minutes: Yahoo seeks Snapchat; Samsung faces low quarter; New Microsoft app; Facebook acquires WhatsApp

Yahoo Inc. plans to reinvest a small portion of the cash it made from an early bet on Alibaba Group Holding Ltd. in another fast-growing startup: Snapchat Inc.

Samsung Electronics Co., the world?s largest smartphone maker, is heading for its roughest quarter in years amid rising competition from Apple Inc. and China?s Xiaomi Corp.

Microsoft unveiled a new application Wednesday for creating and sharing documents across devices. It's called Sway, and it offers users the ability to instantly create slick-looking presentations viewable on any Web browser and device.

Facebook Inc closed its acquisition of mobile messaging service WhatsApp on Monday, with the final price tag rising an additional $3 billion to roughly $22 billion because of the increased value of Facebook's stock in recent months.