Microsoft announced on Friday it will acquire Web ad firm aQuantive in a deal valued at $6 billion, marking the latest and largest deal in a merger-and-acquisition frenzy aimed at staking a claim in the converging worlds of traditional and online advertising. Microsoft agreed to pay $66.50 per share for the Seattle-based company, a sizable 85 percent premium over the Thursday closing price of $35.87. The all-cash deal is expected to close early in 2008, assuming regulatory and shareholder approval.
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Original post by Keith Regan and software by Elliott Back
