Monday, September 28, 2009

Microsoft In Autonomy Takeover Rumour

This piece came out around four days ago here concerning rumours that Microsoft could be ready to make a bid for Autonomy at around 2,800p a share. This would value Autonomy at approximately £6.7 billion (75% above its current share price of 1,513p a share and with a market capitalisation of £3.9 billion). Autonomy's share price jumped between 3.5% and 5% in value on Friday morning trading after Reuters reported the news here.

Reuters also reported that both Microsoft and Autonomy were not immediately available for comment. Further analysis here from the Guardian.

The impact of such a move would be massive not just for Microsoft and Autonomy, but also obviously for the iManage product's future and the law firm Document Management space?

Stand by for more.

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