Yahoo! Has Bought Xobni For Over $40 Million [Updated]
Yahoo! has acquired Xobni for around $48 million, according to AllThingsD. Xobni is known for developing address book applications and plugins. This is Yahoo!’s second acquisition this week as they acquired Qwiki for around $50 million.
Xobni wrote a blog post with the title Oohay! (Yahoo! spelled backwards, note: Xobni is “inbox” spelled backwards) saying “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.” Xobni released an FAQ detailing their plans for each of their products. Xobni is not shutting down their products at least for a year, but new purchases of premium products are no longer being accepted.
Xobni has raised a total of over $40 million from investors like Y Combinator, Khosla Ventures, Atomico, SV Angel, Cisco Systems, Baseline Ventures, and RRE Ventures.
This acquisition was reportedly of interest for Yahoo! co-founder David Filo. Filo worked closely with Xobni CEO Jeff Bonforte at one point. Bonforte used to be the VP of social search and real-time communications for Yahoo!
Update: According to an update from AllThingsD from 07/08/13, the actual amount paid was $48 million.