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. Last Updated: 07/27/2016

Microsoft Buys Visio

SEATTLE -- Microsoft Corp. is buying Visio Corp., a leading maker of diagramming and technical drawing software, in a $1.3 billion stock deal that helps Microsoft fill a gap in its line of business products.

Visio software lets professionals such as corporate administrators and designers make flow and organizational charts and more technical drawings such as engineering schematics. The purchase will help Microsoft strengthen its grip on the market for business productivity software, already dominated by its Office suite of word processing, spreadsheet and presentation products.