Rumor: Microsoft May Buy Powerset For Over $100 Million
Microsoft Corporation (NASDAQ:MSFT) is rumored to be acquiring Powerset.Â Powerset is a semantic search engine company that raised over $12.5 million in funding a couple of years ago with a valuation of $42.5 million.Â Powerset at one point claimed that their technology had a few steps up on Google Inc. (NASDAQ:GOOG): the ability to decipher the full meaning of phrases while searching.
Two years later, Powerset’s first product was a Wikipedia-search feature.Â Â Â
I’m sure Powerset could have come up with a better way to show off their technology.Â Powerset’s Wikipedia search just doesn’t seem exciting.Â Especially since Wikipedia already has a built-in search engine and Google works even better for finding things on Wikipedia.
Powerset is now ready to flip though.Â They’ve specifically hiredÂ Allen & Co. to help them find someone to buy them for a price that is about $100 million or more.Â Â Â Is Microsoft actually going to pay that price?Â We’ll find out next month.Â VentureBeat broke the news of the acquisition rumor.