Microsoft (MSFT) to Sell Greenfield Online's (SRVY) ISS Business to ZM Capital

September 10, 2008 8:08 AM EDT

Microsoft Corp. (Nasdaq: MSFT) and Greenfield Online Inc. (Nasdaq: SRVY) today announced that in connection with the acquisition agreement between the two companies, announced on Aug. 29, 2008, Microsoft has signed an agreement to sell the Greenfield Online Internet survey solutions business to ZM Surveys LLC, a private equity investment partnership focused on entertainment and media investments.

The agreement with ZM Capital is subject to customary closing conditions, including a financing contingency. Microsoft's acquisition of Greenfield Online is not contingent on the closing of the sale of ISS to ZM Capital. The merger of Greenfield Online and Microsoft and Microsoft's sale of the ISS business are expected to close simultaneously in Q408.

Microsoft Corporation provides software products for computing devices worldwide.

Greenfield Online, Inc. provides Internet survey and comparison shopping solutions primarily in North America and Europe.

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