Yahoo offers as much as $40 million for contact manager Xobni

06/18/2013 | All Things D · TechCrunch

Yahoo's shopping spree now includes an offer of $30 million to $40 million for Xobni, which makes address book applications that incorporate e-mails and social network interactions, according to a report. But the deal raises concerns because Xobni raised more than $40 million in past investment rounds and the offer price means common shareholders might not get their investments back after preferred shareholders recover.

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All Things D · TechCrunch

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