OpenGrid gets $400 million buyout offer

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Word in wireless is that OpenGrid, Santa Clara, Calif., received a $400 million buyout offer from an unidentified suitor. CMGI's AdForce also was said to be interested. OpenGrid President Jens Horstmann couldn't be reached for comment. AdForce CEO Charles Berger had no comment except to say, "It's always a possibility." OpenGrid is developing technology to send messages to wireless devices.

Copyright March 2000, Crain Communications Inc.

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