Microsoft buys online Mapping Company Multimap
Posted on Wed, 12 Dec 2007 09:50:21 CST | by Luigi Lugmayr
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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.
Posted on Wed, 12 Dec 2007 09:50:21 CST | by Luigi Lugmayr
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