Yahoo acquired email management app Xobni

Yahoo Inc acquired email and address book management app Xobni. This is Yahoo's third acquisition in as many days as it seeks to revamp its online products and boost its Web traffic. The deal is the latest in a string of acquisitions by Yahoo since Marissa Mayer became chief executive a year ago, vowing to boost traffic to Yahoo's online services and to revive the company's stagnant revenue growth. Last month, Yahoo closed its $1.1 billion acquisition of blogging service Tumblr, the largest deal by Mayer. By this acquisition, Yahoo acquired 3 companies last week including Qwiki, a mobile app that creates mini-movies using a consumer's collection of photos and videos and Bignoggins Productions, a mobile app to help players of fantasy sports teams.

Did you know

1. According to news sources, roughly 700 million people visit Yahoo websites every month
2. Yahoo was founded by Jerry Yang and David Filo in January 1994 and was incorporated on March 1, 1995.
3. Former Google executive Marissa Mayer was named as Yahoo! CEO and President, effective July 17, 2012
4. The word "yahoo" is an acronym for "Yet Another Hierarchical Officious Oracle"

This post contains the Science and Technology current affairs of May 2013. These are short Science and Technology current affairs 2013 notes for quick review.
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