Yahoo To Announce Sale of Zimbra Today

Two years after acquiring Zimbra Open source email unit for $350 million, it is rumored that Yahoo has sold off the property to VMWare. The announcement is expected to be made today. This follows the strategy the company has taken since Carol Bartz took over as head of the company – that of selling or shutting down properties that do not make strategic sense.

All Things Digital point out the sale price of the transaction to be over $100 million but less than the $350 million that was paid for the initial acquisition in 2007.

As always, the spokesperson for Yahoo has declined to comment on the impending annoucement saying they do not comment on rumors and speculations.

[via All Things Digital]