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Greenfield Online

Microsoft Corp announced that it has reached an agreement to acquire Greenfield Online Inc, owner of Ciao GmbH, one of Europe's leading price comparison, shopping and consumer reviews sites, in a move that will further extend Microsoft's search and e-commerce services in Europe. Under the terms of the agreement, Microsoft will commence a cash tender offer to purchase all of the outstanding shares of Greenfield Online for $17.50 (US) per share in a transaction valued at approximately $486 million (US).

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