By Elizabeth Montalbano , IDG News Service , 07/01/2008 Microsoft and Powerset confirmed Tuesday that Microsoft will purchase the search-engine startup. The news comes several days after a rumor about the deal circulated on the Web. Neither company mentioned the price of the transaction on separate blog entries, where they made the announcement. Don't Miss!Download the latest Network World Executive Guide - Executive Guide: Storage Heats Up Microsoft said through its public relations firm that the companies are not disclosing the terms of the deal. Last week's rumor set the price at about US$100 million. In a blog entry attributed to Microsoft Senior Vice President Satya Nadella, the company said the Powerset team will join Microsoft's Search Relevance team and stay in San Francisco, where the startup is headquartered....
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