AccountancyAge.com - Microsoft in $1.1bn Great Plains acquisition.
Microsoft has signalled its intention to take on the business software market with the acquisition of US-based Great Plains, producers of mid-range and enterprise accounting package.
AccountancyAge.com features details and analysis of the purchase valued at $1.1bn (#747.1m). Each share of NASDAQ-listed Great Plains common stock will be exchanged for 1.1 shares of Microsoft stock.
The move into producing business applications marks a departure for Microsoft which has previously focussed on PC desktop applications.
For details of the deal and other IT news, see:
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