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Yahoo Snaps Up Zimbra for $350 Million

 Yahoo Snaps Up Zimbra for $350 Million
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. Two weeks ago, Yahoo disclosed plans to buy an ...
Published: 9/19/2007 1:20:39 PM
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