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Yahoo snags Xoopit for $20 million

Discussion in 'TechSpot News and Comments' started by Matthew, Jul 23, 2009.

  1. Matthew TechSpot Staff Posts: 5,895   +59

    Yahoo has announced that it acquired Xoopit, a photo sharing and organization tool compatible with Yahoo Mail among other Internet services. While the search-giant has not officially disclosed any financial details of the transaction, several reports are quoting an inside source who says the deal was worth $20 million.

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    Matthew, Jul 23, 2009
    #1

  2. raybay TechSpot Evangelist Posts: 10,720   +6

    Somebody is pouring a lot of money into Yahoo... Now just who could that be.
    If it doesn't work, you will be able to stick a fork into Yahoo and their funding source, and find that they are done.
    raybay, Jul 23, 2009
    #2

  3. TJGeezer TechSpot Enthusiast Posts: 384   +10

    They remind me a bit of CompuServe - seemingly unassailable, and then they're scrambling to catch up and regain what they lost. AOL did for CompuServe and now it seems Google has done for Yahoo. A liaison with Microsoft might offer some hope in this space for both companies, or it might be too little too late. Google seems unassailable. (Where have I heard that before?)
    TJGeezer, Jul 23, 2009
    #3
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