New Delhi, March 30 – Microsoft has been on a sort of a race to acquire start-ups in the recent past. Its latest acquisition is LiveLoop. LiveLoop is a program which aids in converting PowerPoint presentations into a URL format.
With this, anyone can check the URL, and PowerPoint need not be downloaded on the machine. As a result of the acquisition, the program will be closing down on April 24. Microsoft is known to remove traces of the acquired team’s work after acquisition.
Using this technology, Microsoft might be hoping to make it easier to access PowerPoint online in the coming days. Although there is already a PowerPoint client available online, it is not that user-friendly.
Microsoft has not revealed the amount it shelled out to acquire LiveLoop. This move comes after it had acquired the calendar app Sunrise for $100 million and e-mail client Acompli at a price of $200 million recently. Under the new CEO Satya Nadella, Microsoft has become more open to making low-cost acquisitions, and not necessarily big names.
-INDIA TODAY
