Monday, September 17, 2007

Yahoo Buys Zimbra for $350 Million | BoomTown | Kara Swisher | AllThingsD

I've suspected Zimbra wouldn't be independent indefinitely, but this comes as a bit of a surprise; I can think of a couple more logical acquirers. 

Yahoo is set to make yet another acquisition–this time of white-label open-source email provider Zimbra. Sources close to the deal said that the Internet portal will pay $350 million, considerably upwards of its most recent valuation, for the email and calendar provider.

Yahoo Buys Zimbra for $350 Million | BoomTown | Kara Swisher | AllThingsD

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