Yahoo! Buys a Start-Up Site
Yahoo has confirmed that is has purchased a small start-up located in San Francisco in order to add better photo functionality to their Web Mail. The company which has been bought out is called Xoopit and is an emerging contender in the photo sharing world. The service allows users to share photos easily on a host of different sites such as Flickr and Facebook by taking them from their e-mail inboxes.
On the company blog, Bryan Lamkin, the senior vice-president said:
“ Why is this such a big deal? Yahoo! Mail is actually home to one of the largest online photo repositories in the world. And every day, millions of you use Yahoo! Mail as your primary way to share the photos of important moments in your lives. While social networks and community sites are great for sharing photos with everyone you know, we realize it’s not for everyone or every occasion. For many, email is still best for sharing photos among a more select group of friends or family. And now we’re making it all that much easier for you.”
Xoopit seems over the moon with the new deal. They have updated their homepage screaming Yahoo! everywhere. On their company blog they said that “the Xoopit team today sees this acquisition as an exceptional path for us in achieving our vision. Over the last few months, we have left every conversation with the Yahoo! team thinking that together we can wow the world”
The specific financial deal has not been revealed but it is estimated to be in the region of $20 million. That amount of money is no chump change for a new group of start-up creators who will hopefully go on to create even better websites and services in the future.
