Yahoo buys Address Book application Xobni: Price exceed 30 million dollars

Sina Science and technology news Beijing time July 4 morning, Yahoo Wednesday announced the acquisition of e-mail Address Book application Xobni. AllThingsD, the US science and technology blogger, quoted sources as saying the purchase was priced at 30 million to 40 million dollars. Xobni can automatically create files for each e-mail contact based on communication history and social network data, which is appropriate for Yahoo's email and office tools. XOBNI's products include Microsoft Outlook Plug-ins and support services such as Google Gmail, Yahoo Mail and Apple icloud, and SMARTR contacts apps on Android and iphone platforms. This is Yahoo's second acquisition this week. Earlier this week, Yahoo bought iphone video app developer Qwiki at about 50 million dollars. The xobni name is the reverse order of the Inbox (Inbox) in English. The company was founded in 2006, with the founders including Adam Smith and Matt Brezina (Matt Brezina). Xobni said it would not stop product support for the next year, but that "new purchases of paid products will no longer be accepted" and that Xobni's San Francisco staff will move to Yahoo's headquarters in Sun Valley. It is clear that the price of Yahoo's acquisition is lower than XOBNI's total financing. Previously, XOBNI financed more than 40 million dollars through VCs such as the Round Capital, Baseline Ventures and Khosla Ventures. XOBNI launched its service in 2008, and the company won its first round of financing in 2006 from the business incubator Y Combinator. XOBNI has sold companies to a number of potential acquirers, and Yahoo has offered the best price. Yahoo is also a good destination for XOBNI, given its powerful email products. The source said that Yahoo co-founder Filo David Filo was particularly interested in the deal. Ferro is still playing a key technical role at Yahoo, who has previously worked with XOBNI CEO Jeff Bonfert Jeff Bonforte. Before joining Xobni in 2008, Bonfert was vice president of Yahoo Social search and real-time communications. It would be advantageous for Yahoo to bring Bonfert back under its command, as Yahoo's communications business needed such a leader. Sources said Bonfert would play an important role in Yahoo's business, and Yahoo CEO Marissa Marissa Mayer valued the business. AllThingsD has previously reported that Yahoo is interested in Xobni and is considering acquiring XOBNI for quite a long time. Under Mayer's leadership, Yahoo is buying aggressively. Yahoo recently acquired a number of mobile applications, in addition to SUMMLOutside of Y, Mayer spent only 16 million dollars. But the price of acquiring Summly is higher. In addition, Yahoo also buys the light blog Tumblr at 1.1 billion dollar price. (D-Gold)