Microsoft will reportedly pay $400 million for the Xamarin acquisition

Earlier this week, Microsoft announced that the software giant is finally acquiring Xamarin. However, Microsoft and Xamarin did not reveal the terms of the acquisition to the public. Now, according to Bloomberg, Microsoft will pay about $400 million for the acquisition. For those who don’t know, Xamarin offers a great solution for cross-platform mobile applications. The company’s technology allows developers to create native Windows, iOS, Android and Mac apps in C#. The company has more than 15 thousand customers in 120 countries, and it had sales of about $30 million for 2015 (which is expected to double this year).

Of course, Microsoft acquiring Xamarin isn’t surprising at all, considering that both of the companies partnered previously. Xamarin’s technologies can be very helpful for Microsoft’s Universal Windows Platform in the near future. The company’s universal developer tools will hopefully encourage more developers build apps using their technology, and deliver new apps that are available in Windows, Android, and iOS.

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