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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 7.19 | 1.76% | 416.25 | 416.50 | 416.70 | 399.8899 | 388.0355 | 394.06 | 37,760,322 | 00:59:58 |
From Apr 2019 to Apr 2024
By Kimberly Chin
Microsoft Corp. (MSFT) said Monday it has agreed to acquire cloud file-migration company Mover as it moves to meet the demand of clients transitioning to cloud services.
Mover will help Microsoft customers migrate files to Microsoft 365, the company's cloud-based suite of office products.
Microsoft already offers content-migrating services but Mover will help enhance these offerings, the Redmond, Wash., company said. Mover will provide more self-service options and make it easier for administrators to do so, Microsoft said.
Mover supports other cloud-service providers such as Box Inc. (BOX), Dropbox Inc. (DBX), and Alphabet Inc.'s (GOOGL) Google Drive, which could help facilitate moving files to Microsoft's own platforms, such as OneDrive and SharePoint.
Terms of the deal weren't disclosed.
Microsoft representatives couldn't immediately be reached.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
October 21, 2019 14:58 ET (18:58 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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