Yahoo Acquiring Open-Source Email Client Zimbra

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Yahoo Acquiring Open-Source Email Client Zimbra
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Most of Yahoo's acquisitions this year have been ad network-related, but it's been reported that Yahoo is acquiring Zimbra, the open source email and communications suite provider, for $350 million.

Even with Zimbra's latest desktop release launching earlier this year, a partnership with Comcast, iPhone optimization and the company reporting 80% growth for its web-based applications, some are saying that this price tag of $350 is well over its valuation.

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