Yahoo snaps up email app Xobni

Yahoo yesterday acquired email and address book management app Xobni, the internet company’s third acquisition in as many days as it seeks to revamp its online products and boost its web traffic. Yahoo said it will integrate Xobni’s technology into its communications products, including the mobile and PC versions of its email and instant messaging services.

Yahoo did not disclose the financial terms of the deal, which the technology blog AllThingsD pegged at $30m (320m) to $40m.