Yahoo aquires XoopIt for an estimated amount of $20 million!

When every body was talking about the current economic slump of Yahoo! suddenly the news of XoopIt, a third party browser side application, being aquired by them was shocking to say the least to many. Those who have heard about XoopIt, must know that it is the third party application who had won Yahoo's Open Hack Day in last December. Sources say that Yahoo has aquired it to team it up with yahoo mail, to better the photto sharing experinece through mail. They have said that it will better the experience by many folds.

All's right, but how could yahoo! afford to spend a staggering $20 million, specially from their current economic condition, which is now

known to every body. And even if they have managed somehow to make the deal, why Google had let the opportunity go.


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