Saturday, August 1, 2009

Yahoo to Acquire Xoopit for About $20 Million

Yahoo company information - ( Yahoo News )
current.com -- Yahoo plans on announcing Thursday that it has bought Xoopit for a price in the $20 million range, according to several sources, one of its first acquisitions in a long while.

Reached late this afternoon by BoomTown, a Yahoo (YHOO) spokeswoman declined to comment about the acquisition. Xoopit did not respond to emails earlier today. See the complete story here.

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