Yahoo Buys Musicmatch for $160 Million
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In a bid to compete with Apple and Microsoft in the online music services market, online giant Yahoo announced yesterday that it would purchase MusicMatch for $160 million.
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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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Web portal Yahoo Inc is in early  discussions with major record labels to offer an online music  service, the Associated Press reported.
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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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Yahoo Inc  said on Monday  it will pay $350 million in a cash and stock deal to acquire  Zimbra, makers of &quot;open source&quot; e-mail and collaboration  software that is an alternative to Microsoft Outlook.
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Yahoo Inc  said on Monday  it will pay $350 million in a cash and stock deal to acquire  Zimbra, makers of "open source" e-mail and collaboration  software that is an alternative to Microsoft Outlook.
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Internet giant Yahoo! extended its reach in Net&#39;s growing multimedia market today when it announced the deal to acquire media player software house MusicMatch.
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The deal, for $350 million in cash and stock, is the second sizable acquisition Yahoo has announced this month.
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na move to expand its role in the online music business, Yahoo announced yesterday that it would buy Musicmatch, a company that sells music online, for $160 million.
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MusicNet, the company that powers the song libraries of Yahoo! Music Unlimited and URGE, said Tuesday that it will make available over 1 million tracks in MP3 format without digital rights management. The move follows Apple offering DRM-free songs in its own AAC format through iTunes.
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The $160 million deal signals that Semel &amp; Co. will mount the biggest challenge yet to Apple&#39;s dominance of online music. Since grabbing the helm at Yahoo (YHOO ) in 2001, CEO Terry Semel has banked on key
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Yahoo! has announced that it will acquire digital music company Musicmatch for $160 million in cash. With the addition of Musicmatch's Jukebox service to its portfolio, the move will help Yahoo! establish itself in the online music market currently dominated by Apple's iTunes.
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(InfoWorld) - 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. Yahoo will acquire Zimbra for $350 million in a transaction expected to close in this year's fourth quarter, the companies said Monday. With Zimbra, Yahoo becomes a competitor to Google, Zoho,Â Cisco's WebEx, and others that provide Web-hosted collaboration and communication suites. Zimbra, like other Web-hosted suite providers, is also considered a rival to Microsoft's Microsoft Office suite and Exchange messaging platform. Yahoo is buying Zimbra in part to boost the Yahoo Mail Webmail service and leverage Zimbra's client base in universities, small and medium-size businesses, and ISPs, Yahoo said. In addition to e-mail, Zimbra's suite also includes calendar and contact management components, as well as an open platform that allows third-party developers to create mini-applications called Zimlets for the suite. After the deal closes, Zimbra will become a Yahoo subsidiary.
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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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Microsoft Friday unveiled a bid of 44.6 billion dollars for Yahoo in an effort to merge the world's biggest software company with a major Internet player to take on the Google juggernaut.
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$160m cash purchase to propel digital music market entry
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Internet portal Yahoo, Inc., of Sunnyvale, says it&#39;s buying Musicmatch, Inc., of San Diego, which sells personalized music software and services, for about $160 million in cash.