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Microsoft snaps up Multimap Microsoft snaps up Multimap

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Microsoft snaps up Multimap
Published by gothic
14-12-2007
Microsoft snaps up Multimap
SOURCE: Associated News
Microsoft snaps up Multimap

19 hours ago
Online mapping provider Multimap has become the latest firm to join the Microsoft empire after announcing its sale to the world's most powerful technology company.
Multimap - one of the UK's top 10 visited internet sites - was bought for an undisclosed sum, but is thought to see founder and majority shareholder Sean Phelan bank a significant haul from the deal.
Mr Phelan, who set up Multimap in 1996, held a 50% shareholding in the firm and had reportedly already raised almost ?1.9 million from the sale of a 25% stake to investors just three years after launch.
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