by William White | June 18, 2013 2:12 pm
One of these is Xobni. (Yes, that is “inbox” spelled backward.) Xobni CEO Jeff Bonforte is no stranger to Yahoo — he was previously Yahoo’s VP of social search and real-time communications. Xobni is being offered somewhere between $30 and $40 million to throw its cards in with Yahoo.
The second startup being eyed by Yahoo is Qwiki, a New York-based firm that makes an iPhone app offering video editing on the go. The reported amount being offered to Qwiki to join up with Yahoo is $50 million.
Yahoo is likely using the mergers and acquisitions of these small startup companies as a way to bring fresh talent into the company.
Investors were apathetic about the reports, however. YHOO stock was up only fractionally as of midday Tuesday.
Source URL: http://investorplace.com/2013/06/yahoo-adds-2-more-startups-to-its-shopping-list/
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