Yahoo bids 48 million dollars for email address Book application Xobni

Yahoo for e-mail Address Book application Xobni 48 million dollars (Tencent technology map) Tencent Science and Technology (Mingxuan) Beijing time July 9 News, according to foreign media reports, science and technology blog site allthingsdigital Its boomtown column of the author Kara · According to SVISHL (Kara Swisher), the source said Yahoo had completed an acquisition of the xobni of its e-mail address book using just over $48 million trillion in cash. In addition, Yahoo has pledged to Xobni's 32 employees that if they continue to work in the company for several years, they will get millions of dollars worth of shares as a "profitable payment" (earn-out). After the news of Yahoo's takeover of Xobni last week, Allthingsdigital reported that the amount of xobni bought by Yahoo in nominal terms was $30 million to $40 million. The acquisition price range is Yahoo's initial offer price. But Xobni rejected Yahoo's offer because, under the offer, ordinary shareholders would simply not be able to gain the value of a shareholder beyond their preferred stock. Yahoo then raised the purchase price to 48 million dollars. This means that XOBNI investors-including venture capital company First Round, Baseline Ventures and Khosla ventures---will only get a little bit of profit by investing as much as $39 million in Xobni. XOBNI,2006, founded in 2008, acquired the first round of financing through the start-up incubator Y Combinator. Although not too high acquisition price, but for Xobni is still a good result. The company has sold to several companies, but only Yahoo has offered the highest purchase price. Given that Yahoo has a strong email product, the company is also Xobni's most plausible destination. Perhaps the most intriguing part of the deal is the future role of XOBNI chief executive Jeff Bonfert Jeff Bonforte in Yahoo. Prior to joining Xobni, Bonfert was vice president of Yahoo's social search and instant Messaging service. Yahoo's communications sector does need a more powerful management team in the context of a series of recent disruptions to Yahoo's email service and other companies making significant innovations in the field. Bonfert will be entrusted with the task in this area, Marissa is important to Yahoo's chief executive, Marissa Mayer, sources said. While retaining Bonfert and XOBNI employees. If they choose to work at Yahoo, they will receive a 5 million dollar bonus each year. This part of "profitability payments" will not be paid to xobni investors, depending entirely on how long xobni is working at Yahoo and other factors.