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Yahoo (NSDQ: YHOO) made about $100 million on the sale of its Zimbra enterprise e-mail and communications platform to VMWare in January; the…

Money - dollars
photo: Flickr / Tracy O

Yahoo (NSDQ: YHOO) made about $100 million on the sale of its Zimbra enterprise e-mail and communications platform to VMWare in January; the companies had declined to release financial terms when the sale was initially announced but in its just-filed 10-Q Yahoo says it recorded “net proceeds” of $100 million and a “pre-tax gain” of $66 million on the sale.

Those numbers reemphasize just how poor Yahoo’s acquisition track record has been. The company paid $350 million for Zimbra just two-and-a-half years ago. Almost from the day the purchase was announced, questions were raised about why Yahoo was buying the company, since Zimbra didn’t seem to fit with Yahoo’s consumer-centric focus.

  1. somebody left the meeting happy

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  2. Yahoo got $450 million for that piece of junk??

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