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At 10 a.m., Jeff Bonforte, the ex-Yahoo who's now CEO of Xobni, described his status on LinkedIn as "legal documents up to my ears." What could have him so submerged? Microsoft has long been rumored to be interested in Xobni, which makes a plugin for its Outlook software. Not long ago, Microsoft startup scout Don Dodge took the startup's small team to dinner, but Xobni's said to have balked at a sub-$20 million offer they viewed as lowball. If Bonforte has actually persuaded Microsoft to raise it, he'll have earned his pay. The irony, if a deal happens: Bonforte will likely end up working for Microsoft long before his former colleagues. Update: Xobni cofounder Matt Brezina tells me the legal documents are for intellectual-property licenses, not a sale. Sounds dreadfully boring — and good training for a career at Microsoft if the widely expected purchase goes through.