From AllThingsD (http://goo.gl/ 39Zu)
Yahoo is close to selling its Zimbra unit to VMware, according to several sources close to the situation.
Sources said the deal will be announced soon, but the price for the open-source email unit was still unclear.
Yahoo has been trying to sell Zimbra for some months now, but it had not attracted enough substantive bidders. According to one source, Yahoo (YHOO) CEO then approached VMware (VMW) CEO Paul Maritz, whom she knows well from their years as tech execs.
Bartz ran Autodesk (ADSK) for many years and Maritz was a longtime top exec at Microsoft (MSFT).
One source noted that the reason that VMware was interested in nabbing Zimbra was that its execs want to
expand "up the stack" from the software company's position in virtualization.
BoomTown reported in late September that Zimbra was for sale by Yahoo, which has been targeting assets that are not central it its new strategies for "de-acquisition. "
The company bought Zimbra in late 2007 for $350 million.
Yahoo declined to comment and emails sent to VMware have gone unanswered as yet.
More to come…
>> Now if only it could mean a vast move over to Microsoft Exchange...