Yahoo Acquires Zimbra for $350 Million 95
TechCrunch is reporting that Yahoo has acquired the open source office suite Zimbra for $350 Million in cash. Zimbra has been in and out of the news over the last couple of years for their office suite, and recently launched offline capabilities. "The company has raised $30.5 million over three rounds of funding from Benchmark Partners, Redpoint Ventures, Accel Capital, Sumitomo and Duff, Ackerman & Goodrich. They announced 6 million paid mailboxes back in March, and more recently inked a deal with Comcast that brings another 12 million potential subscribers."
Yahoo & Open Source? (Score:2, Insightful)
Ugggh...Comcast (Score:2, Insightful)
This had me interested until I read that they made a deal with the devil.
But what happens if MSFT buys Yahoo? (Score:4, Insightful)
Of course, we don't want to speculate needlessly about a Microsoft acquisition of Yahoo. This is exactly the wedge that we see Microsoft driving into the FOSS community with their deals with Novell, Xandros, and Linspire. Undoubtedly, one of the benefits to Microsoft of the Yahoo acquisition talks is that many members of the FOSS community will shy away from Yahoo, simply because they might become a Microsoft property. And even people who like Microsoft and its products might hesitate to use Yahoo products and services if they see Yahoo stumbling.
So I would like to see Yahoo get its financial house in order. I am really fond of Google and its products and services, and I tend to use Google tools and properties more than the Yahoo counterparts. But I wouldn't want to have competition in this area reduced to only two major players: Microsoft and Google.
So come on, Yahoo, get your act together! And stop talking with Microsoft about acquisitions! Ick!
Re:Not an "Office Suite" (Score:3, Insightful)
But forget "the more competition the better". The market's already saturated. Anybody who thinks they can add value at this late date is an idiot. And I've already wasted too much time with software designed by idiots.
Re:Yahoo & Open Source? (Score:3, Insightful)