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Whoa! A Tech Acquisition!

in News on January 23, 2009 at 4:44 am PT

The first high-profile tech acquisition in months took place Thursday, but don’t take that as a harbinger of more deals. Autonomy, a U.K. company that makes software that businesses use to track corporate information, acquired Interwoven, a San Jose, Calif., document-management company, for $775 million in cash. Autonomy will sell some stock and tap a new line of credit in order to finance the deal.