Web 2.0 News

Yahoo Acquires Zimbra For $350 million in Cash
Yahoo will announce the acquisition of open source online/offline office suite Zimbra this evening, we just heard through a very solid source. The price: $350 million, in cash, confirmed. Our coverage of Zimbra goes back to 2005. They gained wide exposure at the 2005 Web 2.0 Conference. Recently they launched offline functionality.

Source: http://www.techcrunch.com/2007/09/17/breaking-yahoo-acquires-zimbra-for-350-million/