Yahoo! Buys Xobni
Jul 4th 2013 8:45PM
Updated Jul 4th 2013 8:46PM
In the latest in a lengthening string of acquisitions, Yahoo! has bought another niche Internet company. The Internet conglomerate has absorbed Xobni, an email indexing service, according to posts both on Yahoo!'s Tumblr and Xobni's home page. The terms of the deal have not been disclosed, although The Wall Street Journal's AllThingsD quoted a range of $30 million-$40 million, citing sources "close to the company" that it did not name.
Over just the past week, Yahoo! has ravenously swallowed several small niche companies. These include Qwiki, a firm that produces an app for Apple's ecosystem that allows users to create short movies and videos from their mobile devices, and fantasy sports app producer Bignoggins Productions.
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