Feeds

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

July 2014 EOL for most products

The essential guide to IT transformation

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 offers the usual promise that it will be incorporating Xobni's technology into its products, the products are being withdrawn from sale.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. ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.