« UK's Palringo Raises $5M - Mobile and PC Messaging | Main | Electric Cars Move Money »
January 08, 2008
Microsoft Bids $1.2B For Norway's FAST
Microsoft Corp. has made an offer to acquire Fast Search & Transfer ASA for about $1.2B. The board of FAST has unanimously recommended that its shareholders accept the offer. The price is a 42 percent premium to the Norwegian enterprise search company's closing share price on Jan. 4, 2008 (the last trading day prior to the announcement).
The company was doing about $165M in revenues.
View FAST news
Posted on January 8, 2008 02:29 PM | Posted to News And Updates | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/6637
