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Microsoft buys online Mapping Company Multimap

Posted on Wed, 12 Dec 2007 09:50:21 CST | by Luigi Lugmayr

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Microsoft buys online Mapping Company Multimap

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NEW YORK (Reuters) - Microsoft Corp said on Wednesday it has acquired Multimap, one of Britain's top online mapping companies.

Financial terms were not disclosed.

Microsoft said the deal gives it location and mapping technology that complement its existing offerings such as Virtual Earth, Live Search, Windows Live services.

"This acquisition will play a significant role in the future growth of our search business and presents a huge opportunity to expand our platform business beyond the U.K. and globally," said Sharon Baylay, general manager of the Online Services Group at Microsoft.

(Reporting by Franklin Paul, editing by Maureen Bavdek)
© Copyright 2007 Reuters.





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Posted on Wed, 12 Dec 2007 09:50:21 CST | by Luigi Lugmayr

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