Tuesday, August 14, 2007

Microsoft closes Aquantive buy

Microsoft has completed the largest purchase in its history, sealing <A HREF="http://news.zdnet.com/2100-9595_22-6202188.html?tag=nl.e550">its $6 billion takeover of Internet advertising firm Aquantive.</A> The software maker closed the deal on Friday, according to a filing Aquantive made Monday with the Securities and Exchange Commission.

In the filing, Seattle-based Aquantive said that its board has resigned, as planned, and that it has notified Nasdaq to delist its stock, with the shares now converted into the right to receive a cash payout of $66.50 per share from Microsoft. Aquantive is now a wholly owned subsidiary of Microsoft.

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