Ailing Smartphone maker Nokia has been forced to cut the prices of its Smartphones in Europe in order to drive sales. Citing industry sources a report on Reuters claims that Nokia expects the price cuts to increase the faltering sales of its Smartphones.
Twitter has acquired the emerging social analytics company BackType for an undisclosed amount. BackType is a San Francisco, California based company which offers its services to assist businesses understanding the impact of social media platforms in their growth, and thereby helping them to come up with innovative and more efficient business policies.
Educational software maker BlackBoard has agreed on the acquisition by a group of investors led by Providence Equity Partners for $1.64 billion. The buyout will make BlackBoard a private company again. The decision was reached after a four month review of the company’s future strategies.
Microsoft has signed another patent licensing deal with an Android device maker to cash in on the success of Android. Wistron has become the fourth Android device maker in the past two weeks to sign a patent licensing deal with the Windows maker.
Software giant Microsoft has started to roll out the much-awaited cloud based storage feature it had promised for Xbox Live and Xbox 360 consoles. According to a report on Eurogamer, the service has already become available for some of the Arcade games on Xbox Live. Microsoft is expected to bring the functionality to the Xbox 360 console in an upcoming firmware update.