Yahoo said it will
integrate Xobni's technology into its communications products, including the
mobile and PC versions of its email and instant messaging services.
The internet company said
that 31 Xobni employees will be joining Yahoo, including Chief Executive
Officer Jeff Bonforte, who previously worked at Yahoo.
Yahoo did not disclose
the financial terms of the deal, but technology blog AllThingsD said Xobni cost $30 million to $40
million (£20m to £26m).
The deal is the latest in
a string of acquisitions by Yahoo since Marissa Mayer became chief executive a
year ago, vowing to boost traffic to Yahoo's online services and to revive the
company's stagnant revenue growth.
Yahoo, which has roughly
11,000 employees, has acquired more than a dozen small startups during the past
year, focusing particularly on adding technology and services designed for
smartphones and tablets.
On Tuesday Yahoo Acquired Qwiki, a mobile app that creates
mini-movies using a consumer's collection of photos and videos. And on Monday,
Yahoo acquired Bignoggins Productions, a mobile app to help players of fantasy
sports teams.
Last month, Yahoo closed
its $1.1 billion (£720m) acquisition of blogging service Tumblr, the largest
deal by Mayer.
Yahoo's shares finished
Wednesday's regular trading session up 2.4 percent at $25.59.
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