Tuesday, January 08, 2008

Microsoft bids to acquired Fast Search & Transfer - Needham, MA

Microsoft Corp. has made an offer to acquire Fast Search & Transfer, a Norwegian search technology company that operates a U.S. headquarters in Needham. Fast Search & Transfer board of directors has unanimously recommended that its shareholders accept the offer, in which Microsoft plans to acquire FAST's for $1.2 billion, or $3.54 per share. The deal is expected to be completed during the second quarter.



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