Yahoo acquires e-mail management app Xobni

Yahoo acquired e-mail app Xobni, the Internet company’s third acquisition in as many days

July 4, 2013
Yahoo Sign

Yahoo Inc acquired email and address book management app Xobni, the Internet company’s third acquisition in as many days as it seeks to revamp its online products and boost its Web traffic.

Yahoo said it will integrate Xobni’s technology into its communications products, including the mobile and PC versions of its email and instant messaging services.

Yahoo did not disclose the financial terms of the deal, which the technology blog AllThingsD pegged at $30 million to $40 million. Yahoo said that 31 Xobni employees will be joining Yahoo, including Chief Executive Officer Jeff Bonforte, who previously worked at Yahoo.

The deal is the latest in a string of acquisitions by Yahoo since Marissa Mayer became chief executive a year ago, vowing to boost traffic to Yahoo’s online services and to revive the company’s stagnant revenue growth.

Yahoo, which has roughly 11,000 employees, has acquired more than a dozen small, Web startups during the past year, focusing particularly on adding technology and services designed for smartphones and tablets.

On Tuesday Yahoo acquired Qwiki, a mobile app that creates mini-movies using a consumer’s collection of photos and videos. And on Monday, Yahoo acquired Bignoggins Productions, a mobile app to help players of fantasy sports teams.

Last month, Yahoo closed its $1.1 billion acquisition of blogging service Tumblr, the largest deal by Mayer.

Yahoo’s shares finished Wednesday’s regular trading session up 2.4 percent at $25.59.

(Reporting by Alexei Oreskovic; Editing by Carol Bishopric)

More software news

Microsoft shuts down TechNet program for IT professionals

Yahoo buys mobile app Qwiki

BBM for iOS, Android gets launch window

Microsoft releases update, revs up developers for Windows 8 apps

Tags: Active, Xobni, Yahoo!

Free Email Newsletter:
Subscribe

Shutterstock is the image partner of MyBroadband – technology images can be found here

Join the conversation

Connect with MyBB

twitterfacebookandroidappleblackberrynewsletterfeed

Poll

Will you use an LTE service as a primary broadband connection if data costs are low enough?

View Results

Loading ... Loading ...

More News

SA broadband: really bad, and really good news

South Africa Fail

The latest Akamai State of the Internet report shows that South Africa has the worst broadband speeds in the EMEA region. However, there is some very good news as well

Twitter funds MIT social media study

Twitter-logo-new

Twitter Inc on Wednesday gave $10 million to the Massachusetts Institute of Technology for research that would explore how people use and achieve shared goals using social networks

Apple’s iOS 8 causing Bluetooth issues

iPhone 5s showing iOS 8

Apple Inc’s new mobile operating system iOS 8 is causing significant issues for some users who connect their phones to cars via Bluetooth

Publishers take on Google

A Google logo is seen at the garage where the company was founded on Google's 15th anniversary in Menlo Park, California

Internet giant Google said Wednesday it would remove news snippets and thumbnails of articles from several German news sites from its search results amid a legal battle with publishers

Free MyBroadband Newsletter:
Subscribe
X
bool(true)