yahoo-buys-xobni

“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,” a company blog post said, on Wednesday.

Xobni’s tools for finding and storing phone numbers and addresses will be included in Yahoo’s mail and messaging products, the Sunnyvale, California-based company said in an e-mailed statement yesterday. The price includes incentive-based compensation for Xobni shareholders, said the people, who asked not to be identified because the information isn’t public.

Most of Xobni’s services will continue functioning normally through July 2, 2014, the companysaid on its website. Xobni CEO Jeff Bonforte, a former Yahoo executive, has moved to the company’s Sunnyvale headquarters along with his team.

“Did you ever meet someone who truly ‘gets’ you?” said Xobni’s official statement. “That’s how we feel about Yahoo. The power within every Xobni product is that it responds to how you communicate. Every day you demonstrate who and what is important to you. That can benefit not just your inbox or smartphone, but the many services you use. Yahoo gets that, and they want us to use our platform to make many Yahoo services better for you.”