Friday, March 29

Tag: Satya Nadela

ANI Technologies, Ola Parent May See Some Investment From Microsoft
FUNDING

ANI Technologies, Ola Parent May See Some Investment From Microsoft

American Multinational giant Microsoft may invest some money for a small stake in ANI Technologies Pvt Ltd, the company that runs Ola, in a deal where this ride hailing service will switch from Amazon Web Services (AWS) to Microsoft's Azure Cloud Platform. “The talks with Ola are in very early stages. More than the money, it is more about Nadella’s vision of partnering with more and more large technology companies in India and establish Azure as service of preference. Microsoft is likely to invest in Ola but a term sheet is yet to be issued,” one of the two persons cited above said on condition of anonymity. Ola is already in the middle of fund-raise and is currently valued around $3.5 Bn, and is the third most valued startups in the country. Ola has been in constant battle with Uber in ...
Microsoft Will Cut off 1800 Jobs
News

Microsoft Will Cut off 1800 Jobs

Microsoft Corp said on Wednesday it will trim down its smartphone business by cutting 1,850 jobs, most of them in Finland, and write down $950 million from the operation. The U.S. company, which entered the phone business in 2014 by buying Finnish firm Nokia's handset unit, said it would "streamline" its smartphone business and close down its research and development site in Tampere, Finland. Microsoft said it will continue to develop Windows 10 Mobile platform and support its Lumia smartphones, but declined to say whether it would develop new phones. "We are focusing our phone efforts where we have differentiation," said chief executive Satya Nadella in a statement. We will continue to innovate across devices and on our cloud services across all mobile platforms." Earlier this ...