Microsoft to buy Great Plains Software for $1B

Article Abstract:

Microsoft announced that it is buying Great Plains Software for $1.1 billion, exchanging 1.1 of its shares for every Great Plains share. Great Plains CEO Doug Burgum said the deal would give the Fargo, ND-based developer of business software greater global reach. The merger would also reunite Burgum with his former Stanford University classmate, Microsoft CEO Steve Ballmer. On the other hand, the acquisition would put Microsoft head-to-head with firms such as Intuit and SAP, with which it previously teamed up in the development of business software applications.

Business Software Pkgs (Micro), Business management software, Suites (Software), Great Plains Software Inc.

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Justice Dept. looks at Microsoft stake in Corel

Article Abstract:

The Justice Dept is likely to closely scrutinize Microsoft's $135-million investment in Corel Systems Corp, representing 25% of Corel's market value. The department says it is conducting a routine investigation whether the deal might reduce competition in the market for word processing, spreadsheet and other office software. Corel has a 1.6% share of the market for such software while Microsoft has 96%. Moreover, Corel accounts for 18.3% of unit sales in the retail market.

Word Processing Software Pkgs (Micro), Microsoft Corp., Word processing software, Corel Systems Corp.

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