Microsoft bids $1.2b on Norwegian search firm

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Microsoft Corp. has placed a bid for 6.6 billion Norwegian crowns ($1.2 billion US) to buy Norwegian business search software com­pany Fast Search & Transfer. The software manufacturer offered to pay a 42% premium for Fast, a search provider that lets companies comb internal corporate documents and data. It also provides a search engine so that companies can help consumers navigate their Web sites easier. Fast's board unanimously recommended that shareholders accept the Microsoft offer.
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