Jan 08 2008

Microsoft to buy FAST Search and Transfer for US$1.2 Billion

Published by sethyates at 11:17 pm under Business

Microsoft announced Tuesday that it will offer US$1.2 billion in cash for Fast Search and Transfer (FAST).   FAST is a leading player in the enterprise search market, born out of AltaVista / AllTheWeb in the early dot-com bubble.
This is a big announcement, likely to trigger a consolidation in the search market.

Coverage in TechCrunch and ZDNet.

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