Microsoft up for sale on Ebay

 

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Posted on 17 Dec 2007 at 13:57

A Portuguese company called Microsoft Lda plans to put its brand name and business up for sale on eBay.

The company will have a starting price of $1 million (£496,000) according to the company's chief executive, Ricardo Carvalho.

Microsoft Ltd. is the only company that can use the name Microsoft in Portugal. It registered its name in 1981 while Microsoft Corp, the world's largest software company, began operating in Portugal in 1990. US-based Microsoft is registered as MSFT in Portugal.

"MSFT has said it was interested in our brand name but needed more time to discuss the matter," Carvalho says. "We have held talks with it in the past and didn't want to wait for it anymore."

A spokesman for Microsoft in Portugal declined to comment on the situation.

Reuters