Yahoo acquires e-mail management app Xobni

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

By - July 4, 2013 Share on LinkedIn
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

Share your thoughts

Join the conversation

Connect with Us

androidappletwitterfacebookgoogleplusfeednewsletter

Poll

Have you received unsolicited telesales calls from a mobile network operator?

View Results

Loading ... Loading ...

More News

SABC must abide by court ruling – ANC

ANC

The SABC must act in line with a commitment President Jacob Zuma made to the judiciary that government departments and state institutions will not ignore court rulings.

Message to Vodacom and MTN: “Cut your data prices, or else”

Mobile Network Operators Telkom Vodacom MTN Cell C logos new

The authorities have sent a strong message to Vodacom and MTN – unless they reduce their data prices, it will be done for them.

Hlaudi Motsoeneng must stay SABC COO: ANC Youth League

Hlaudi Motsoeneng

The ANC Youth League has given its support to former SABC COO Hlaudi Motsoeneng.

Pirated movie release types

Piracy

We take a look at the different types of movie releases which populate torrent sites.

Free MyBroadband Newsletter
×