Yahoo to Buying Zimbra for $350M
Published September 18th, 2007
Yahoo Inc. is buying e-mail service Zimbra Inc. for $350 million in an all-cash deal that may open a new revenue channel for the slumping Internet icon.
The acquisition announced Monday represents Yahoo’s second significant expenditure this month as co-founder Jerry Yang spearheads an effort to breathe new life into the Sunnyvale-based company.
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