Tying Up Loose Ends: Microsoft, Yahoo, Nortel & Avaya

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Minutes after the U.S. stock markets started winding down for the weekend, a few technology giants made some announcements that amount to nothing more than tying up loose ends.

* Avaya got the go-ahead from Canada to buy Nortel’s PBX business for $900 million in cash.
* Microsoft & Yahoo finalized their search agreement that was first announced back in July. It’s a good way for the two companies to put yesterday’s Bing debacle behind them!

Photo courtesy of Microsoft.

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