Yahoo to buy Zimbra for &#36;350M
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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.
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Internet portal Yahoo Inc. said Tuesday that it agreed to buy Web-based digital music and software provider Musicmatch Inc. for &#36;160 million in cash, in a deal which will supplement the offerings of Launch, Yahoo's digital music site.
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BREAKING NEWS - Sources indicate that Yahoo intends to announce this evening a $350 million cash acquisition of Zimbra, an online/offline open source office applications suite. While exact details of the deal are not yet available, the buy will put Yahoo in direct competition with Google, who has also begun to offer online office applications to both consumers and business.
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InfoWorld - Microsoft has offered to buy Yahoo for around $44.6 billion in cash and shares, to better compete with Google in the market for online services.
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Yahoo! Inc. on Tuesday announced plans to acquire online music service Musicmatch Inc. in a cash deal valued at US$160 million. It&#39;s Yahoo&#39;s maneuver to become a player in the online digital music download
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Social-networking Web site   Facebook.com is in serious talks to sell itself to Internet   media company Yahoo Inc. YHOO.O for an amount that could   approach $1 billion, The Wall Street Journal reported on   Thursday.
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Yahoo Inc. is buying online jukebox provider Musicmatch Inc. for &#36;160 million in a deal designed to broaden the Internet giant's appeal with the growing audience of consumers who buy songs off the Web.
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Yahoo has agreed to buy Zimbra, a privately held company whose Web-hosted collaboration and messaging suite is considered a successful example of the SaaS (software as a service) model.
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Zimbra, acquired by Yahoo last year, updated its communication and collaboration suite.
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Zimbra customers are deeply concerned about&#160;Microsoft&#39;s bid for Yahoo&#160;because they feel that the deal would mean the end of the Zimbra collaboration and communication suite.
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Yahoo and Musicmatch today announced they have signed an agreement for Yahoo to acquire Musicmatch for approximately US$160 million in cash.
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Yahoo has acquired a stake in Indian Internet advertising company Tyroo MediaÂ to help it capture more of the country's fast-growing online ad market.
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NEW YORK/SAN FRANCISCO  - Yahoo Inc  is in  talks on a possible deal with News Corp , but analysts  said an alternative was unlikely to emerge to rival Microsoft  Corp's  bid for Yahoo, now valued at $42.1 billion.
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Yahoo has offered about $900 million to woo Mark Zuckerberg, the 22-year-old founder of the popular social networking site Facebook.com.
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SAN FRANCISCO/NEW YORK  - Microsoft Corp   offered to buy Yahoo Inc  for $44.6 billion, in a bold  bid to transform two ailing Internet businesses into a worthy  competitor for market leader Google Inc .
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Microsoft Corp  on Friday said  it had offered to acquire Yahoo Inc  in a proposed cash  and stock deal valued at $44.6 billion.
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While parent company Yahoo mulls an&#160;unsolicited acquisition bid from Microsoft, Zimbra on Tuesday shipped a version of its e-mail and collaboration software suite that adds support for BlackBerry devices and Outlook 2007.Version 5.0 of the Zimbra Collaboration Suite (ZCS) lets users synchronize e-mail, contacts, calendars and to-do lists with Outlook 2007.Meanwhile, it also extends its mobile reach via support for the BlackBerry Enterprise Server, allowing users to access Zimbra on all BlackBerry devices. Also on the mobile front, ZCS 5.0 also lets users tap into Zimbra from J2ME devices and from any mobile Web browser, including the iPhone&#39;s.&quot;Mobility is a huge strategic priority and an area where we&#39;ll invest a lot in,&quot; Satish Dharmaraj, Yahoo vice president and Zimbra co-founder, said in an interview before Microsoft&#39;s $44.6 billion unsolicited bid for Yahoo was announced on Friday.There has been a heavy interest among Zimbra&#39;s enterprise and education customers for BlackBerry support, while consumer clients pushed for J2ME and mobile Web access, he said, adding that Zimbra plans to build a native application for the iPhone.In addition, the suite&#39;s Web client now has a to-do application for tasks management, an instant messaging application that allows group chats, and the ability to work while offline using Zimbra Desktop.With ZCS 5.0, Zimbra is also making available optional &quot;zimlets&quot; or widgets that link the suite with Yahoo services like Flickr, Yahoo Local, Yahoo Finance and Yahoo Search. Meanwhile, Zimbra technology is being brought to Yahoo Mail and Calendar, due later this year.Zimbra currently provides 11 million paid mailboxes to customers in more than 70 countries. Customers include Red Hat, Texas A&amp;M University, European ISP (Internet service provider) Eircom and Brandeis University.ZCS 5.0 is free in its Open Source Edition, while fees vary for the Network Edition commercial version, which customers can try out for free for 60 days. ZCS can be downloaded and installed by customers on premise or used as Web hosted software-as-a-service.In addition to its core e-mail application, the suite also has a word processor and a spreadsheet application that let users create, share and collaboratively edit documents. It also has a calendar and contacts list.ZCS competes against Microsoft Office and Exchange in the on-premise software market, and against Google Apps, Zoho and Cisco&#39;s WebEx in the software-as-a-service market.Yahoo surprised many when it&#160;bought Zimbra&#160;in last year&#39;s fourth quarter for $350 million. At the time,&#160;Zimbra customers in general expressed concern&#160;about the future of the suite if Zimbra became part of Yahoo, whose focus in on the consumer Internet market.&#160;