Microsoft asked for more information about Visio acquisition.
Published:
3 November 1999 y., Wednesday
Microsoft Corp. said the U.S. Justice Department asked for more information about its planned $1.26 billion acquisition of Visio Corp. the largest-ever acquisition for the world_s biggest software maker. Microsoft and Visio, which makes diagramming software, both said they_ll supply the agency with the information. Seattle-based Visio and Microsoft, based in nearby Redmond, described the request as routine and said they expected their transaction to be completed by January. In September, Microsoft said it was acquiring Visio to boost its business software line, which it hopes to rent to users over the Internet as a way to thwart rival Sun Microsystems Inc. Many corporations use Visio software as their standard diagramming tool, to draw everything from simple organization charts to complex computer networks. Microsoft is swapping 0.45 share, or $41.65, for each Visio share, 5 percent more than Visio_s close of 39 19/32 on Friday. Microsoft closed at 92 9/16. Microsoft has been sued by the U.S. Justice Department and 19 states in a landmark antitrust case in which it_s accused of abusing its near-monopoly in computer-operating systems.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Statistics Lithuania has calculated that, based on provisional data, FDI in Lithuania in 2009 amounted by 5.3 % more than in 2008. Also, direct investment of Lithuanian enterprises abroad grew by 13.9 % in 2009.
more »
Concerns about foreign fish being sold in Europe and what to do about the future of Europe's fisheries industry were aired in a hearing held by the Fisheries Committee on 8 April.
more »
EU opens public debate on its agricultural policy, the prelude to a major reform in 2013.
more »
The European Commission today launched a €35 million call for eco-innovation projects to be funded under the Competitiveness and Innovation Programme.
more »
Bank SNORAS group company Finasta Holding recruits all funds management and investment companies of the group in the Baltic States.
more »
The European Central Bank (ECB) and the European Commission are jointly holding a high-level conference on financial integration and stability at the ECB’s premises in Frankfurt am Main.
more »
Today, the European Central Bank (ECB) is publishing its fourth Report on Financial Integration in Europe, which notes the return towards integration in the European financial markets.
more »
World Bank Group financial commitments since July 2008, just before the full fury of the financial crisis hit, reached US$ 100 billion today as the institution helped countries respond to and recover from the global downturn.
more »
On March 31, 2010, the Executive Board of the International Monetary Fund concluded the Article IV consultation with Serbia.
more »
The International Monetary Fund and the United Kingdom’s Department for International Development have launched a new project to improve macroeconomic statistics in 23 African countries. DFID will provide US$7.5 million over the next five years to support the project.
more »