Sony Corporation is spending $345 million to enhance its image sensors for future iPhones and iPads. Sony also makes cameras for other companies that build smartphones and tablets. The investment will ensure that your “selfies” will be much sharper.
Freshbooks is a cloud accounting service that has raised $30 million in its first round of funding. Small businesses use Freshbooks to manage contractors through the web and mobile devices. This new round of funding will help Freshbooks gain a larger marketshare of the cloud accounting market. Oak Investment Partners led this round of funding with participation from Atlas Ventures and Georgian Partners.
On Tuesday, Microsoft CEO Satya Nadella said that all versions of Windows will be merged into one for all devices. Microsoft discussed the possibility of merging operating systems in the past.
Microsoft has confirmed that it will no longer release a Surface Mini in the spring. During the company’s quarterly earnings call on Tuesday, CFO Amy Hood said that part of the reason why Microsoft’s line of Surface tablets saw a revenue drop is because it decided to kill an unreleased product.
LinkedIn Corp (NYSE:LNKD) has announced that it has acquired Bizo. Bizo is a company that helps advertisers reach a target audience. The deal is valued at $175 million — 90% cash and 10% stock.
Microsoft Corporation (NASDAQ:MSFT) surpassed Wall Street estimates after jumping 17% in revenues, but its profits saw a 7% drop because of Nokia’s struggling phone business. Microsoft acquired Nokia in April to challenge companies like Samsung and Apple in the smartphone market and it added almost $2 billion to Microsoft’s quarterly revenue.