Microsoft reportedly acquired Office collaboration tool maker, LiveLoop

LIVELOOP

Microsoft has reportedly purchased yet another small company. The company’s latest purchase is reportedly LiveLoop – the company that makes collaboration tools for Microsoft Office. For example, LiveLoop for PowerPoint, a plug-in for PowerPoint allows users to collaborate on a presentation in real-time. LiveLoop has already announced that the company is shutting down next month:

“LiveLoop will be shutting down permanently on April 24th, 2015. New user registration and presentation upload have been disabled. Existing LiveLoop users: if you have any data you would like to retrieve from LiveLoop, please do so before April 24th. On April 24th, all presentations and user data will be permanently deleted”

According to ZDNet’s Mary Jo Foley, a Microsoft spokesperson has confirmed that the company has acquired LiveLoop. However, the company hasn’t revealed the price of the acquisition just yet.

What do you think of Microsoft’s latest acquisition? Discuss in the comment section below.

Source: ZDNet

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