Microsoft shares plunge after $100 billion merger

Microsoft shares plunge after $100 billion merger

October 21, 2021 Comments Off on Microsoft shares plunge after $100 billion merger By admin

NEW YORK — Microsoft Corp. has plunged 12% on the news that it is merging with Incovio Inc., the second-largest cloud computing firm.

The plunge comes as Microsoft is pushing forward with a $100.5 billion deal to buy the San Francisco-based Incovion Corp.

The announcement was first reported by The Wall Street Journal and The Wall Avenue Journal.

The deal would create a $1.4 billion tech giant with more than 40,000 employees.

Microsoft’s stock has plunged more than 60% in the past year.

The tech giant has been struggling to find a footing as the market for its software has lagged, with revenue slipping and the company’s stock falling.

The merger will be the largest acquisition of an existing technology company in the U.S. and the biggest corporate transaction in the history of the U-S.

merger market, analysts say.

“This transaction will be transformative for Microsoft,” said Dan Evers, an analyst at Morgan Stanley.

In a statement, Incovios founder and CEO Eric Zuilenberg said the deal would improve the company and give its employees a more focused work environment.””

We expect it to create more jobs, which will lead to lower prices for employees.”

In a statement, Incovios founder and CEO Eric Zuilenberg said the deal would improve the company and give its employees a more focused work environment.

“We’re pleased to join Microsoft, Inc., in creating a global leader in the enterprise cloud and are looking forward to the exciting future of the company,” Zuillenberg said in a statement.

“This transaction gives us more opportunities to be part of the future of cloud computing.”

The news was first announced on the same day as a report that Incovions CEO Scott Aaronson would retire after 15 years with the company.

Aarbeckons retirement announcement came just days after Microsoft announced its first-ever merger with Inconsys.

The deal is expected to be finalized by the end of the year.

Microsoft said the merger would provide Incovia with an opportunity to grow revenue and grow the company with additional employees.

Microsoft also said it will continue to work with Incivio, Inc. on strategic partnerships and other projects.

The Incovisions cloud services include Office 365, Skype and Xbox Live, which were acquired in 2015 by Microsoft.

Microsoft has been aggressively ramping up its cloud business with a move to the cloud that will create up to 2.4 million jobs.