Microsoft is believed to be in talks with Jump Networks, which provides an Internet based calendar service, to acquire it for $150 million in stock.
The move follows America Online?s decision earlier this week to buy Jump?s main rival, When, but the software giant has said in the past that it intends to offer such services to complement its Hotmail email offering. Links to Hotmail would enable users to click an event in their calendars and send a note about it to a friend.
According to the Wall Street Journal, Microsoft is expected to combine its own inhouse team that is currently working on a calendaring service with Jump?s own dozen or so programmers.
Jump was set up in 1998 by Cornell University graduates, including Bill Trenchard, the firm?s 24 year old chief executive.
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