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

Are you working over the festive season?

View Results

Loading ... Loading ...

More News

Thousands arrested for online porn, gambling

Internet porn

More than 30,000 people have been arrested in China’s southern Guangdong province during a two-month crackdown on online gambling and porn

Nuclear plants start cyber attack drills

hacker cyber crime silhouette

South Korea’s nuclear power operator began cyber attack drills defending its plants against simulated hacks, an official said Monday

The best Christmas deals in town

Guzzle logo

Guzzle has released its top Christmas gifts and catalogue promotions for 2014, providing an overview of the best deals available to consumers this festive season

Parkhurst 1Gbps fibre-to-the-home speeds tested

Fibre

A managing member of one of the ISPs offering services in Parkhurst was among the first to receive a 1Gbps fibre line, and he sent us his speedtest

Free MyBroadband Newsletter:
Subscribe
X
bool(true)