Breaking News : Yahoo Inc. Acquires Zimbra for 350 million $ cash
The only source from where i got this news is TechCrunch and this is probably announced at the TechCrunch40 conference going on in San Francisco Today. The news is that Yahoo Inc. has acquired a open source office software named Zimbra for a 350 million $ cash deal.
The company was funded in 6 rounds by Venture Capital firms including Benchmark Partners, Redpoint ventures, Accell Capital , and 3 others and they had confirmed in march, 2007 about having 6 million paid customers of their mailboxes and in a current deal with Comcast they will be having another 12 million paid customers under their Belt.
This quick move will make Yahoo Inc. compete Google for the next generation Online/ Offline office suite.
2 Responses to “Breaking News : Yahoo Inc. Acquires Zimbra for 350 million $ cash”
By Abhishek Daaga on Sep 17, 2007 | Reply
Wow… Yahoo! Rocks… Yet Google monopolises…. healthy competation Yahoo does & 350 million DOLLARS
am i dreaming… ahhhhh….. Thanks aditya for the update
By Amit on Sep 20, 2007 | Reply
Yahoo is always known for buying new products which google didnt invest into, and mainly the products range in subscribers, email related products.