Yahoo confirms acquisition of Xoopit

Wednesday, July 22, 2009

Xoopit a San Fransico start up which won the Yahoo Open Hack contest by building an app that runs on top of Yahoo Mail. The application digs through a person's inbox to reveal photos and other media lurking within, including both attachments and Web addresses that link to sites such as Flickr or Picasa Web Albums.

Now Yahoo has confirmed that its going to acquire Xoopit, a start-up that helps people share content from their inboxes with social-networking sites such as Facebook, the Web pioneer confirmed Wednesday.

Yahoo planed to acquire Xoopit as it feels like it can add new photo features to Yahoo mail which may boost up their service. According to sources the deal value is US$20 million.

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