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Yahoo snags Xoopit for $20 million

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  #1  
Old 07-23-2009
Matthew's Avatar
TechSpot Editor, Community Manager
 
Location: Pennsylvania
Member since: Feb 2008, 4,974 posts
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Yahoo snags Xoopit for $20 million

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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  #2  
Old 07-23-2009
TechSpot Evangelist
 
Location: Four Corners, US
Member since: Dec 2006, 10,626 posts
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.
  #3  
Old 07-23-2009
TechSpot Member
 
Location: Rosarito, BC, Mexico
Member since: Apr 2009, 154 posts
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?)
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