The Hindu Business Line : MS picks up 37% in Oxigen

Microsoft Corporation has picked up about 37 per cent stake in Oxigen Services for an undisclosed sum. Oxigen is an IT-enabled multi-services platform and distributor of recharges, prepaid subscriptions and bill payments. This collaboration is part of Microsoft's Unlimited Potential commitment to help close the digital divide by creating new products and programs that would help bring social and economic opportunities to people who are yet to realise the benefits of technology. Oxigen and Microsoft would provide mutual assistance to each other in exploring new business opportunities, Oxigen group Chairman and Managing Director, Mr Pramod Saxena, told reporters here, but he declined to reveal the size of the deal. - Our Bureau

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MS picks up 37% in Oxigen