Microsoft Corporation (NASDAQ:MSFT) imminent acquisition of Mojang, the Swedish developer with 100M players of its open world Minecraft game, is more intended at pulling users onto the software firm’s obscure mobile platform than its better-known PC system or Xbox game console. Purcahsing of Minecraft would facilitate CEO Satya Nadella in his drive to obtain the firm’s software onto any mobile device even those made by opponents. Whereas, shares of Microsoft Corporation (NASDAQ:MSFT) (Watch Expert Views in Detail on MSFT Here) edged down 0.65% to finished at USD46.69 with market capitalization of 384.76 billion.
According to IGN, an analyst has recommended that Microsoft’s rumored purchase of Mojang might be more for endorsing their mobile platform than their Xbox brand. The analyst Rick Sherlund stated of the deal that they don’t view this purchase as a signal of Microsoft’s intent to double down on Xbox other than consider it an effort to improved address mobile on a cross-platform basis. He added that this as well comes into view to be consistent with (Microsoft) CEO Satya Nadella’s mobile and cloud strategy.
On the other hand, Weibo Corp (ADR) (NASDAQ:WB) hit to its new 52-weeks high range of $26.08 as T.H. Capital recently recommended buying the stock, declaring investors are overestimating the threat from competing services. The firm has second-quarter sales more than doubled from a year before to $77.3M while net loss of $15.4M was less than half of the year-before quarter.
Vimicro International Corporation (ADR) (NASDAQ:VIMC) jumped over 14% in previous session to hits highest range of $6.46. The firm recently declared that it has signed a Letter of Intent to form a strategic association with Inspur Group (Inspur) to cooperate as well as coordinate efforts in China’s video surveillance market in the areas of solution and application development, maintenance and services, sales and marketing.