The love for acquiring more and more companies is in full swing for Yahoo as it acquired fantasy sports app Bignoggins and video sharing startup Qwiki in last two days, and now the company announced that it has fetched another company, an inbox service Xobni. The acquisition price and terms not disclosed as usual. The Xobni team will be moving to the Sunnyvale at Yahoo’s HQ.
Here is what Xobni and Yahoo shared about acquisition:
It’s a big day here at Xobni. We’ve been acquired by Yahoo! At this moment, we’re unpacking our boxes from San Francisco and settling in to the new Sunnyvale space at Yahoo! HQ.
Before we talk more about that, a word to our current customers: Thank you. We know that Xobni products have…
Update: TechCrunch is reporting that Yahoo acquired Xobni for more than $60 million.
Photo Credit: Yahoo! Inc via photopin cc
