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  Microsoft to buy Danish Navision
Time: 04:46 EST/09:46 GMT | News Source: Reuters | Posted By: Alex Harris

Microsoft, the world's largest software company, is in final talks to buy Danish enterprise software firm Navision for $1.2 billion (820 million pounds), according to the Financial Times.

Navision shares soared by 23 percent on Tuesday as the company confirmed it was considering a possible "strategic transaction".

"The Board of Directors of Navision has decided to investigate the merits of any such transaction," the company said in a brief statement without naming Microsoft.

"Such investigations may or may not result in any agreement on a proposed transaction," Navision said, adding it had no further comment.

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