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Yahoo Makes $30-$40 Million Offer For Social Email Startup Xobni

Yahoo is in buying spree. Last week, the internet company bought iOS camera app maker GhostBird. It was preceded by the much discussed $1.1 billion Tumblr deal. This time, we’re hearing about a $30 to $40 million buyout offer to social email startup Xobni.


Yahoo

Xobni’s social email plugins automatically creates profiles for each contact with correspondence history and data pulled from different social media sites. The company started with Oulook.com, but now supports Gamil, Yahoo Mail and iCloud. It also has Smartr Contacts app for Android and iOS.

The managements of Yahoo and Xobni have prior relations. Xobni CEO Jeff Bonforte was once a Vice President of social search and real-time communications at Yahoo, and worked with Yahoo co-founder David Filo.

That makes the impression that the acquisition deal is likely to happen. But, some speculates it won’t. Xobni has turned down a $20 million offer from Microsoft in 2008. Plus the startup has raised $40 million from investors including First Round Capital, Khosla Ventures and Y Combinator. This makes the offer from Yahoo a bit low.

Thanks to: TechCrunch

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