Yahoo! Continues Acquisitions Spree With Xobni and 2 Other Hot Stocks to Watch

Yahoo! (NASDAQ:YHOO): Current price $25.72

Knowledgeable sources report that Yahoo! paid around $70 million for Xobni Corp., which develops contact-management software, while Chief Executive Marissa Mayer continues an acquisitions spree that has snapped up three startups in three days. In an emailed statement on Thursday, Yahoo! said that Xobni’s tools for locating and storing phone numbers and addresses will be included in its mail and messaging products. The purchase price includes incentive-based compensation for Xobni shareholders, according to the sources. The Xobni buyout follows Mayer’s acquisitions earlier this week of the startups Qwiki and Bignoggins Productions, as she adds talent and tech by buying teams of software engineers.

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Microsoft Corporation (NASDAQ:MSFT): Current price $34.04

According to a Microsoft spokesman, the company is introducing Windows 8, Office 2012, Outlook, and Internet Explorer 10 in te reo Maori, one of New Zealand’s three official languages. The company also said that schools, universities and government departments are all for the software. Presently, the language is spoken by approximately 157,000 persons, despite several initiatives made to revitalize it, including a television channel. The spokesperson explained that “it’s a free download so there is no money in it… But we feel it is nice to be part of the revitalization efforts in New Zealand. The program’s] been pretty popular in the Maori language classes and schools.”

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Dell (NASDAQ:DELL): Current price $12.85

Dell’s special committee says that Carl Icahn’s tender offer gives the computer maker a valuation over twice that of its closest peer, Hewlett-Packard Co., and that it  is not based on a concrete cost-savings plan. The committee, which has critiqued the proposal prior to this, supplied additional arguments for its case in a filing on Friday, as Institutional Shareholder Services prepares to make a recommendation to shareholders on founder Michael Dell’s buyout proposal. Inside sources reported this week that ISS is tending against the deal. Dell said in the filing that the offer by Icahn and partner Southeastern Asset Management implies “unrealistic multiples,” valuing Dell at 12 times earnings before interest, taxes, depreciation and amortization, versus 4.6 times for Hewlett-Packard.

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