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Yahoo picks up Xobni, looks to create smarter contact books

Yahoo acquires Xobni for an undisclosed amount

| Business, Financial & Legal News | Posted: Jul 3, 2013 10:40 pm

Yahoo continues its acquisition binge by acquiring Xobni in a deal estimated to be worth $30 to $40 million, though some have said the deal may be for some $60 million. Just yesterday, Yahoo acquired Qwiki. Before that, Yahoo acquired Tumblr. This latest acquisition could help Yahoo out in revamping its e-mail and social services, something it is currently in the process of doing.

 

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Xobni has stopped taking new paying customers. They've also pulled their Xobni app on BlackBerry and their Smartr Contacts app on Android. Most of Xobni's services are scheduled to be shut down on July 2, 2014, or a year from yesterday. Neither Yahoo or Xobni have stated what they are planning on creating together, but we assume Xobni's technology will be integrated into Yahoo Mail.

 

Which company do you think Yahoo will acquire next?

NEWS SOURCES:Engadget.com

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