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Microsoft quick to lock deal

2013-09-09 12:19:24| IT Services - Topix.net

Talks between the two companies began in February after both sides agreed a 2-year-old collaboration on smartphone development wasn't working, according to people familiar with the deal.

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Microsoft extends Xbox Music to iOS, Android

2013-09-09 10:33:00| Telecompaper Headlines

(Telecompaper) Microsoft will extend its Xbox Music service to iOS and Android devices and will launch free music streaming over a web-based platform. The Xbox Music Pass costs EUR 9.99 per month or EUR 99.99 per year for unlimited access at anytime with playback across all iOS and Android phones, tablets, PCs as well as the Xbox game console. "Xbox Music now, more than ever, powers music experiences between Windows 8, Xbox, Windows Phone, and now iOS, Android and the Web," said Jerry Johnson, general manager of Xbox Music. "We're also excited to connect artists with their fans on the most anticipated consumer product of the year when Xbox One launches."

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Nokia draws down on Microsoft financing

2013-09-09 08:58:00| Telecompaper Headlines

(Telecompaper) Nokia said it has decided to draw down on the EUR 1.5 billion financing option set forth in the recent deal inked with Microsoft. Microsoft agreed to acquire the mobile phone business of Nokia for EUR 3.79 billion, and pay an additional EUR 1.65 billion to license Nokia patents. The EUR 1.5 billion financing was also part of the acquisition, to take place as three EUR 500 million tranches of convertible notes. Nokia intends to use the proceeds to prepay financing raised for the acquisition of the shares in NSN, completed in August, and for general corporate purposes. The 2018 bond, or first tranche, will mature in five years, with a 1.125 percent per annum coupon and an initial conversion price of EUR 3.93. The second tranche, or 2019 bond, will mature in six years, with a 2.5 percent coupon and an initial conversion price of EUR 4.08. The 2020 bond, or third tranche, will mature in seven years, with a 3.625 percent coupon and an initial conversion price of EUR 4.23. Nokia will make an application to include the bonds for trading on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange as soon as reasonably practicable following the issuance date of the bonds. The maximum number of shares which may be issued by Nokia upon conversion of all the bonds is around 367.5 million, or 8.9 percent of Nokia's shares.

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Samsung's 98-inch HDTV; PayPal App Update; Microsoft Beats Motorola

2013-09-06 17:35:04| PC Magazine Cell Phones Product Guide

Topping tech headlines Thursday, Samsung shows off 98-inch 4K HDTV, PayPal app update makes mobile shopping and payment easier, and Microsoft reportedly wins $14 million in a Motorola patent decision.

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Samsung's 98-inch HDTV; PayPal App Update; Microsoft Beats Motorola

2013-09-06 17:35:04| PC Magazine HDTVs Product Guide

Topping tech headlines Thursday, Samsung shows off 98-inch 4K HDTV, PayPal app update makes mobile shopping and payment easier, and Microsoft reportedly wins $14 million in a Motorola patent decision.

Tags: update microsoft paypal motorola

 

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