Summary
Microsoft Corporation (MSFT) has filed a Form 8-K on August 13, 2007, to report the consummation of its acquisition of aQuantive, Inc. The merger, which closed on August 10, 2007, involved Microsoft's wholly-owned subsidiary, Arrow Acquisition Company, merging with aQuantive. This acquisition represents a significant strategic move for Microsoft, indicating an expansion into the digital advertising space through aQuantive's assets and technology. The terms of the merger dictate that each outstanding share of aQuantive common stock was acquired for $66.50 in cash. As a result of this transaction, aQuantive is now a wholly-owned subsidiary of Microsoft. Investors should note that this filing primarily serves to disclose the completion of this acquisition and does not contain detailed financial statements or forward-looking projections related to the acquisition's impact.
Key Highlights
- 1Microsoft has successfully acquired aQuantive, Inc.
- 2The acquisition was completed on August 10, 2007.
- 3Each aQuantive share was purchased for $66.50 in cash.
- 4aQuantive is now a wholly-owned subsidiary of Microsoft.
- 5The filing confirms the merger between Arrow Acquisition Company (Microsoft subsidiary) and aQuantive.
- 6This acquisition signals Microsoft's strategic interest in the digital advertising and marketing technology sector.