REDMOND, Wash. - April 1, 2008 - Microsoft Corp. today
announced it will acquire Raining Data Cor****ation for
$466.50 per share in an all-cash transaction valued at
approximately $6 billion.
This deal expands upon the Company's previously outlined
vision to provide the IT industry with a world class
database platform, as well as a set of tools and
services that help its constituents generate the highest
possible return on their database investments.
"The database industry is evolving and growing at an
incredible pace, moving increasingly toward post-
relational, multivalued platforms," said Steve Ballmer,
chief executive officer of Microsoft. "Today's
announcement represents the next step in the evolution
of our database offerings, from our initial investment
in Microsoft Access, to the broader Microsoft SQL Server,
and now to the full capacity of the Internet. Microsoft
is intensely committed to creating a thriving database
and to partnering closely with all key constituencies in
this industry to help maximize the op****tunity for all."
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frosty
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