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Microsoft Corp. agreed to buy Norway's Fast Search & Transfer ASA for 6.6 billion kroner ($1.23 billion) as it adds software products that help companies mine, store and manage data.
Microsoft, the world's biggest software maker, will pay 19 kroner for each Fast Search share, the companies said today. The offer is 42 percent more than the closing price on Jan. 4.
But it's now Yahoo's search instead, so I guess Microsoft is buying what went along with FAST before the acquisition.
What Microsoft purchased is the enterprise search company, the piece Yahoo left behind. Google is in the Enterprise Search field already. It's a natural fit for Microsoft.