About This Deal

Microsoft Corporation acquired Sendit AB, a transaction announced in July 1999, structured as Tender offer (accepted by >90% of shareholders).

Sendit AB operates in Mobile Internet / consumer services, is based in Stockholm, Sweden. Sendit, headquartered in Stockholm with offices in London, Seattle and Hong Kong, was a world leader in mobile Internet solutions counting many major GSM operators as clients. Microsoft's tender offer was accepted by more than 90% of Sendit shareholders, making it a wholly owned subsidiary and giving Microsoft its first product-development center in the Nordic region.

Advance Microsoft's goal of delivering information to any device anywhere via Sendit's mobile Internet solutions and establish a Nordic development center.

Deal Terms

Acquirer
Microsoft Corporation
Target
Sendit AB
Value
Not disclosed
Date
July 1999
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
Stockholm, Sweden
Segment
Mobile Internet / consumer services
Structure
Tender offer (accepted by >90% of shareholders)
Announced
July 1, 1999

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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