Thursday, July 4, 2013

Yahoo start-up shopping spree continues

<p>Yahoo has continued its takeover binge with word that it has bought Xobni, a start-up behind tools for better managing contact lists and email inboxes, for a reported $US30 million.</p><p>Yahoo did not disclose how much it paid for Xobni, which is 'inbox' spelled backwards, but said it planned to use the start-up's technology to improve Yahoo Mail, Messenger and other "communications offerings".</p><p>Technology blog AllThingsD pegged the deal at between $US30 million ($32.9 million) to $US40 million, citing numerous sources. Yahoo said that 31 Xobni employees will be joining Yahoo, including chief executive officer Jeff Bonforte, who previously worked at Yahoo.</p><p>Xonbni co-founder Matt Brezina. Photo: Flickr/Mitch Aidelbaum photography</p><p><a href="http://www.canberratimes.com.au/digital-life/digital-life-news/yahoo-startup-shopping-spree-continues-20130704-2pdxf.html">Keep reading...</a></p>

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