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Acquired byMicrosoft
Price$96M
Date10/2002
TermsCash

General Information

Websitevicinity.com
CategoryConsumer Web
Phone408-543-3000
Employees

Offices

Vicinity
370 San Aleso Avenue
Sunnyvale, CA, 94085
USA

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Sourced (Oak)

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Vicinity Corporation

Vicinity provides technology-based solutions that enable businesses and governments to market the local availability of their products and services. Using Web, wireless and speech platforms, Vicinity offers a portfolio of application services and application programming interfaces (APIs) that allow enterprises to analyze and direct their customers to a store, branch or outlet near them that offers the specific product or service they are seeking.

In October 2002, Vicinity Corporation and Microsoft Corporation entered into a definitive agreement, pursuant to which Microsoft would acquire Vicinity in a transaction valued at approximately $96 million. The transaction was structured as a cash merger, in which Vicinity shareholders would receive $3.33 in cash in exchange for each share of Vicinity common stock.

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Vicinity

Sources

  1. Microsoft Agrees to Acquire Vicinity Corporation to Extend Value Of Location-Based Technology for Customers and Developers (microsoft.com) [edit]
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Last Edited 12/29/13

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