VENTURE CAPITAL POST

American software giant shelled out $150 million to acquire San Francisco, California-based product design and development firm Osterhout Design Group's (ODG's) intellectual property for wearable computing devices.

Tech giants Dell and Microsoft Corp have signed a patent licensing deal regarding Android and Chrome OS devices as well as Xbox consoles, TechCrunch reported.

In a bid to gain traction over its competitors, American software giant is rebranding its open cloud platform 'Windows Azure' to 'Microsoft Azure.' according to sources familiar with the matter cited by ZDNet.

Nokia said its $7.2 billion deal with Nokia is set to close on April and not in the first quarter of this year as was originally planned, TechCrunch reported.

Microsoft, through a blog post written by its Deputy General Counsel & Vice President John Frank, has pledged that it would undertake stricter procedures before investigating the Hotmail and Outlook accounts of its users, VentureBeat reported.

After 14 years of service in Microsoft, Xbox Chief Product Officer Marc Whitten will be departing and heading over to Sonos to take the same position for an unspecified reason.

Microsoft Founder Bill Gates thinks that innovation drives progress and doesn't mind the silly endeavors that some companies in Silicon Valley are engaged in because it is from them that important ideas emerge.

Microsoft is definitely not a startup but one team inside the technology giant is striving to encourage the promotion of new ideas through its "bing Incubation Project," VentureBeat reported.

Bangalore, India-based social media marketing and analytics firm Salorix Inc closed down its operations after it failed to raise fresh capital due to the founder's feud with investors.

Redmond, US-based tech giant Microsoft is mulling over launching a free version of the Windows 8.1 OS (operating system) or selling it for a very low price, according to a report by The Verge.

Threatened by the news of the Mozilla Foundation developing a $25 Firefox OS smartphone, Finnish phone maker Nokia also launched its own set of new Android smartphones for emerging markets during the Mobile World Congress held in Barcelona.

Nine new hardware partners for its Windows Phone were introduced by officials of technology giant Microsoft at the Mobile World Congress in Barcelona, VentureBeat reported.

Goodbye SkyDrive, hello OneDrive. Microsoft has officially rebranded its cloud storage service and launched a referral program to get more users to the platform, TechCrunch reported.

Tokyo, Japan-based electronics giant Sony surpassed its sales target for the PlayStation 4 by selling 5.3 million units worldwide just three months after the latest game console went on sale.

San Francisco, California-based wearable tech firm Basis Science put itself up for sale and is currently in acquisition talks with Google, Apple, Samsung, and Microsoft, according to two sources familiar with the situation.