Yahoo set to acquire Xoopit for $20m

Yahoo is set to acquire Xoopit for $20m in a deal that could be announced as soon as today, according to a person familiar with the companies’ plans. Xoopit makes browser plug-ins that allow consumers to find photos and other media quickly within email.

The acquisition, Yahoo’s largest since CEO Carol Bartz took control of the company in January, will give Yahoo more social tools at a time when it is trying to capture some of the audience time that Facebook and other networking sites are carving out.