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
The European Commission approved an application from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Commission today reiterated the potential of existing EU-rules on mediation in cross-border legal disputes, reminding Member States that these measures can only be effective if put in place by Member States at national level.
more »
Exports of animals and animal products from the European Union to Russia are expected to receive a boost after five new certificates for exports between the EU and the Russian Federation entered into force on August 15.
more »
World Bank Group President Robert B. Zoellick visited Moldova on August 11-12 at the invitation of Prime Minister Vlad Filat.
more »
These are the financial results of the banking activities of the Danske Bank Group in Lithuania (Danske Bankas and Danske Lizingas UAB).
more »
The European Investment Bank (EIB) today signed its first loan agreement with Armenia.
more »
Given the worsening food crisis in the Sahel, the Commission today agreed to disburse €14.9 million for food security in Niger, the worst affected country in the area.
more »
The European Commission has cleared under the EU Merger Regulation the proposed restructuring of Arnotts' debts in return for a transfer of control to Anglo Irish Bank and Royal Bank of Scotland (RBS).
more »
The European Commission today approved a new financial support package of €135 million for Morocco.
more »
The European Commission is allocating an extra €10 million in humanitarian aid for Liberia.
more »