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Microsoft to pay $400 million to acquire Xamarin, claims report

As we reported earlier, Microsoft announced that they finally acquired Xamarin. The deal was announced on Wednesday by both companies without revealing terms of the deal. Now according to Bloomberg, Microsoft will pay about $400 million for software developer tools startup Xamarin, according to people with knowledge of the agreement.

Scott Guthrie, Microsoft’s executive vice president wrote Wednesday in a blog post:

“The acquisition is the tech giant’s latest move to attract more software engineers to write programs using its cloud services. Integrating San Francisco-based Xamarin into Microsoft’s Visual Studio will improve developers’ ability to build mobile applications across Apple Inc.’s iOS, Google’s Android and Microsoft’s Windows by making it easier to share code among the different operating systems”.

Nisha is the Managing Editor at Nokiapoweruser. She is a big Nokia fan and has more than 5 years of experience in covering Nokia, Tech, Phones and Gadgets. She has also been associated with other well-known Tech sites WinCentral and GadgetOx. Her current Devices are Lumia 1020, Lumia 925 and Lumia 525. Her motto in life is “work hard party harder”!! Write to her at Email: [email protected]