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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

May 24, 2007 at 2:15 PM

More details on Microsoft-aQuantive deal

Microsoft filed a disclosure with the SEC today providing a bit more detail on its planned $6 billion acquisition of Seattle digital advertising company aQuantive.

The filing stipulates that aQuantive must pay Microsoft $175 million if the merger is terminated under “certain specified circumstances.” If regulatory approval is not obtained — again under “certain circumstances specified in the merger agreement” — Microsoft would owe aQuantive $500 million.

Microsoft’s top lawyer expects the deal to sail through the regulatory review process, which will include a Hart-Scott Rodino waiting period.

“Acquisitions of complementary assets such as the Microsoft-aQuantive

deal normally do not raise antitrust concerns,” General Counsel Brad Smith said when the deal was announced last Friday.

“It’s also subject to potential review outside the United States. We’ve been assessing that. We believe it will require a notification in Germany; at

this point we don’t believe it will require notification in the European Union as a whole,” Smith said.

If you want to punish yourself with some legal reading on this beautiful afternoon, here’s a link to the agreement and plan of merger document, attached to an aQuantive filing from last week.

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