Microsoft Offers $1.2 Billion for Fast Search & Transfer

January 12th, 2008

Microsoft offered $1.2 billion, a 42% premium over market valuation, for Fast Search & Transfer. Fast Search & Transfer is largely an enterprise search solution. As an example web index to showcase their technology years ago they created AllTheWeb. In early 2003 Overture bought AllTheWeb, and Fast’s web search unit for $70 million cash. Yahoo bought Overture the same year for $1.63 billion.

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