Feeds

Xobni! heads! to! Yahoo! elephant! graveyard!

July 2014 EOL for most products

Designing a Defense for Mobile Applications

For somewhere between $US30 million and $US60 million, depending on which insider you prefer, Yahoo! has continued its acquisition spree, picking up e-mail management startup Xobni.

Since Xobni had total raisings of $US42 million since being founded in 2006, the sale price is important, at least to its investors: they either took a bath on the deal, or at best, got a fairly slim return measured against the inflated expectations of Silicon Valley.

AllThingsD is in the “took a bath” camp, saying the sale raised $US30 million, but the more optimistic TechCrunch says insiders put the "total consideration" at $US60 million.

Whether or not investors were bathed, users will be. While Yahoo! offers the usual promise that it will be incorporating Xobni's technology into its products, the products are being withdrawn from sale. From July 2, 2014, however, the company is making no promises: its FAQ details the end-of-life plans here.

Yahoo! says the 31 employees of Xobni joining it will include former Yahoo! employee and Xobni CEO Jeff Bonforte.

Xobni follows video startup Qwiki and fantasy sports app Bignoggins into the gaping maw of the Yahoo! acquisition machine. ®

The smart choice: opportunity from uncertainty

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.