Yahoo may be looking to continue its spending spree with the acquisitions of a couple of app makers.
Yahoo has reportedly offered to pay $30 million to $40 million to buy Xobni, AllThingsD reported Monday, citing "numerous sources" close to the company.
Xobni, which is "inbox" spelled backwards, offers desktop and mobile apps that can automatically create an address book based on your e-mails. As such, Yahoo may be eyeing the Xobni as a natural fit for its own online mail service.
And there's a common thread between the two companies, AllThingsD noted. Xobni's CEO Jeff Bonforte was previously the vice president of social search and real-time communications at Yahoo.
Read here.
Yahoo reportedly eyeing two more acquisitions
Userlevel 7
Be the first to reply!
Reply
Login to the community
No account yet? Create an account
Enter your username or e-mail address. We'll send you an e-mail with instructions to reset your password.