Microsoft is rumored to have paid $500 million for Danger
Section: Communications, Mobile
While official details have not been announced on the Danger acquisition, Om Malik is speculating that Microsoft paid $500 million. Further speculation is that early investors got modest returns on the sale, but the later stage investors made out “like bandits.” Om Malik is additionally noted as saying:
The deal’s big sticker price is intriguing — leading me to
believe that Microsoft wants to pull an Xbox on its mobile phone business.
Could that mean Microsoft is preparing to offer up some real competition with Android?
Via [CNET]
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