Share Name Share Symbol Market Type
Microsoft Corporation NASDAQ:MSFT NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.43 -0.92% 153.83 136.00 160.63 157.38 152.19 155.10 41,244,752 05:00:03

Microsoft Buying Cloud Platform 5G Provider Affirmed Networks

26/03/2020 4:50pm

Dow Jones News


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By Allison Prang

 

Microsoft Corp. is buying Affirmed Networks, a cloud platform provider for 5G, for an undisclosed amount.

Microsoft announced the deal on its website Thursday. It didn't release the deal's terms.

"This acquisition will allow us to evolve our work with the telecommunications industry, building on our secure and trusted cloud platform for operators," Microsoft said on its website.

Affirmed, based in Massachusetts, a day earlier said its board named the company's chief operating officer and president, Anand Krishnamurthy, as Affirmed's chief executive. Hassan Ahmed, the company's previous CEO, is still chairman of Affirmed's board.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

March 26, 2020 12:35 ET (16:35 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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