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Microsoft has offered to buy the Norwegian search software firm Fast Search & Transfer in a deal that values it at about $1.2bn (£607m).
The price is 42% above Fast’s closing share price on 4 January and the shares have risen close to the offer level.
Fast’s board of directors have recommended that shareholders accept the offer and says that holders of 37% of its stock have already done so.
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BANGKOK – U.S. software giant Microsoft Corp. is moving deeper into the global health-care market with an agreement to buy the assets of a Thailand-based company that provides a package of clinical and back-office software, according to Microsoft officials.
The Thai company, privately-held Global Care Solutions Thailand Ltd., designed and developed its software in collaboration with Bangkok’s Bumrungrad Hospital PCL, one of the world’s leading international hospitals. Continue reading »
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Blockbuster, one of the nation’s largest video-rental companies, has acquired Movielink, a video-on-demand service owned by five of the top six movie studios.
Terms of the deal were not disclosed.
Movielink offers digital movie downloads, but none of the competitors in the sector has managed to find much of an audience.
Founded in 2002, Movielink is backed by Universal Studios, Paramount Pictures, Sony Pictures, Metro-Goldwyn-Mayer, and Warner Bros. Studios. Continue reading »
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