Tuesday, September 18, 2007

Yahoo Acquires Zimbra For $350 million

Yahoo will announce the acquisition of open source online/offline office suite Zimbra this evening, we just heard through a very solid source. The price: $350 million, in cash, confirmed. This was a very, very smart acquisition. In one quick move Yahoo is now in the race with Google for the next generation online/offline office suite.

Read the article HERE.

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