Yahoo just bought Xobni a few minutes ago. Xobni is an email and contacts management app for between $30 to $40 million.
’The Xobni team say, “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.”
Yahoo has acquired Qwiki, an app that turns one’s photos, music, and videos into videos and quickly share them on social media for some $50 million.
Just like Tumblr, Yahoo has promised not screw up Qwiki but will house them at their NYC offices and work closely with them.
In a blog post, Qwiki founder and CEO, 32 year-old Doug Imbruce, it was his great day.
“Today, we’re thrilled to announce that Qwiki is joining Yahoo! On a journey that took us from NYC to San Francisco and back again, the Qwiki team has spent the past few years creating products and technology that make it easy to share and discover stories.”
Founded in 2011, Qwiki will go continue its art of storytelling using pictures, music at Yahoo!’s New York city office.
He assured the team that the Qwiki app will live on as a standalone entity inside Yahoo! and will grow its thriving community and its team will continue to work to help users share their life’s best experiences.
Yahoo also recently acquired Bignoggins Productions, a fantasy sports mobile app developer founded by Jerry Shen in 2010. With titles such as Fantasy Monster and Draft Monster, Shen’s app will never see the light of the day again as he will be joining Yahoo’s mobile engineering team in California. Though the financial details of the deal were not revealed, sources close o the transaction claim Bignoggins Productions cost Yahoo! $1 million.
In May, Yahoo paid a cool $1.1 billion to acquire blogging site Tumblr. $30 million for 17-year-old founder Nick D’Aloisio’s Summly, a news-condenser app.
Then Astrid, a task-management app, in October 2012 Yahoo acquired Stamped, a mobile-review app. In December 2012 Yahoo acquired OnTheAir, broadcasting video chats or interviews to online audiences. Snip.it acquired in Januray 2013 is a clipping service for the web. In February 2013 the firm bought Propeld, a location-based apps maker.
In March Yahoo bought Jybe, a social recommendation site; Loki Studios, a mobile gaming start-up,PlayerScale, a gaming infrastructure company, GhostBird Software in June, an iOS photo app maker and Rondee,a free enterprise conference call service provider.
Yahoo’s acquisition binge is likely a technique to get in more mobile users apart from just the tech talent. The more the mobile usage the more the revenue from mobile where major tech giants are looking to tap into.