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Microsoft to buy Portuguese mobile software company

Microsoft has agreed to buy Portuguese mobile software company MobiComp in the US software giant’s biggest ever investment in Portugal, Microsoft’s chief in Portugal said on Thursday.

Microsoft’s head in Portugal, Nuno Duarte, said Microsoft intends to turn MobiComp into a research and development unit in Portugal after the acquisition. He gave no financial details of the purchase other than that it was Microsoft’s biggest investment in Portugal to date. (Reuters)