Microsoft shares fall 2.5% after new Microsoft acquisition

Microsoft shares fall 2.5% after new Microsoft acquisition

August 9, 2021 Comments Off on Microsoft shares fall 2.5% after new Microsoft acquisition By admin

Microsoft shares fell 2.8% to $32.25 after the company announced it had acquired Nio, a cloud computing startup.

The tech giant also announced a $500 million purchase of LinkedIn, which has more than 6 million users.

The deal was announced on Twitter and Facebook and came as a surprise to some investors.

Microsoft has previously focused on selling PCs, smartphones and tablets.

Microsoft was also working on an acquisition of the maker of the HoloLens headset, which is expected to be unveiled this year.

In April, Microsoft announced it was acquiring the developer community platform Mojang for $3.5 billion.