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Yahoo! Grabs eGroups E-Mail Service
Posted by: Mary Hillebrand June 29, 2000 12:00 AM

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In an effort to add community dynamics to its e-mail offerings, Yahoo! (Nasdaq: YHOO) announced Wednesday that it will pay about $434 million (US$) in an all-stock transaction to acquire free group e-mail service eGroups. The eGroups acquisition will also boost the new Corporate Yahoo! enterprise service that was unveiled Monday.

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