Deals
Yahoo to Buy Software Firm Xobni for About $70 Million
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Yahoo! Inc. paid about $70 million to acquire Xobni Corp., a developer of contact-management software, people with knowledge of the matter said, as Chief Executive Officer Marissa Mayer continues a shopping spree that’s netted three startups in as many days.
Xobni’s tools for finding and storing phone numbers and addresses will be included in Yahoo’s mail and messaging products, the Sunnyvale, California-based company said in an e-mailed statement yesterday. The price includes incentive-based compensation for Xobni shareholders, said the people, who asked not to be identified because the information isn’t public.