Microsoft inks big deals
Microsoft has entered into multiple profitable investments. The US software giant has invested in deals worth billions of dollars with Nokia, the cell phone hardware giant and Skype, an internet phone service company.
Under a $1 billion agreement, Microsoft and Nokia will launch their first joint project of Windows app marketplace built on the Windows Phone Marketplace platform.
Under the second significant agreement, Microsoft has bought Skype for $8.5 billion dollars, a phone this year. Nokia will provide mapping, navigation, and locationbased services while Microsoft will provide Bing search services ‘across the Nokia portfolio’. Nokia will launch its own Nokia-branded phenomenal internet phone service used by millions of people across the world. Through buying Skype, Microsoft has tried to shed some of its business software image and gain momentum in a trendy smartphone market at a time when Internet lifestyles are going mobile