Thursday, July 4, 2013

Email app Xobni acquires by Yahoo !

Yahoo has purchased email and address book management app Xobni. Yahoo did not disclose the financial terms of the deal, but technology blog AllThingsD said Xobni cost $30 million to $40 million (£20m to £26m). Xobni's technology will integrate into its communications products, including the mobile and PC versions of its email and instant messaging services. 31 Xobni employees will be joining Yahoo, including Chief Executive Officer Jeff Bonforte. On Tuesday Yahoo acquired Qwiki and on Monday, Yahoo acquired Bignoggins Productions. Last month, Yahoo closed its $1.1 billion (£720m) acquisition of blogging service Tumblr, the largest deal by Mayer. Additionalinformation

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