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.

http://www.fastsearch.com