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...YORK: They couldn't buy it, so now they're trying to kill it. Microsoft, which abandoned its bid to acquire Intuit and its popular Quicken program amid antitrust allegations, is pursuing a partnership with Visa International instead. The top software and credit card providers, respectively, said Wednesday that they would team up to offer online banking services in an attempt to break Intuit's lock on the personal-finance software market. Quicken gained its 80 percent niche by allowing users to pay their bills electronically, with the processing handled by Intuit. The Microsoft-Visa plan would allow people...
...Gates is feeling a little cranky these days, he has good reason. The Justice Department just derailed his $2 billion bid to acquire Intuit and its popular Quicken electronic-checkbook program, a deal that would have helped realize Microsoft's ambition to make money from almost every commercial transaction in cyberspace. Another team of government lawyers is snooping around asking questions about Microsoft Network, the new online service he plans to launch in August. And an antitrust suit that has been hanging over his head for nearly five years -- and which he thought he had settled last summer...
...masterly stroke even for the software industry's master strategist-or at least it seemed so at the time. When Bill Gates announced last October that Microsoft would buy Intuit -- maker of the popular "electronic-checkbook" program Quicken -- it looked as if the software giant would not only eliminate a meddlesome competitor but also gain an instant beachhead in the fast-growing field of electronic commerce. There were grumblings, of course, about antitrust, but hardly anyone seemed to think they would lead anywhere. After all, the Department of Justice's antitrust division had just wrapped up a four-year federal...
...Justice Department filed an antitrust lawsuit to block Microsoft's proposed $2 billion acquisition of Intuit, Inc., maker of the hugely popular personal-finance software Quicken. The merger, should it survive the suit, would be the largest ever in the software industry...
...Justice Department dealt Microsoft Corp. a stunning setback by suing to block the software giant's acquisition of Intuit Inc., maker of the predominant personal finance software Quicken. It would have been the largest software merger ever and would also have given Microsoft a formidable lead in the emerging market of online personal finance transactions.Anne Bingaman, Justice's antitrust chief, said allowing the deal "would likely result in higher prices for consumers who want to buy personal finance software and would cause those buyers to miss out on the huge benefits from innovation." Newly-minted conventional wisdom, notesTIME technology editor...