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Tuesday, September 18, 2007

Yahoo to acquire business software maker Zimbra

Yahoo Inc (YHOO.O) 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.

http://news.yahoo.com/s/nm/20070917/tc_nm/yahoo_zimbra_dc

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