Microsoft Announces Offer to Acquire Fast Search & Transfer

Hardocp reports:

Microsoft Corp. today announced that it will make an offer to acquire Fast Search & Transfer ASA, a leading provider of enterprise search solutions, through a cash tender offer for 19.00 Norwegian kroner (NOK) per share. This offer represents a 42 percent premium to the closing share price on Jan. 4, 2008 (the last trading day prior to this announcement), and values the fully diluted equity of FAST at 6.6 billion NOK (or approximately $1.2 billion U.S.). FAST's board of directors has unanimously recommended that its shareholders accept the offer. In addition, shareholders representing in aggregate 37 percent of the outstanding shares, including FAST's two largest institutional shareholders, Orkla ASA and Hermes Focus Asset Management Europe, have irrevocably undertaken to accept the offer. The transaction is expected to be completed in the second quarter of calendar year 2008.

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Blademask3993d ago

I mean I'm getting 1.5mega bits per second over a commercial line.. I'm sure this could be used by the big guys to push protected content.