Microsoft Said to Exit Display Ad Business, Cut 1,200 Jobs
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Microsoft Corp. is shutting down its Web display advertising business and handing operations over to AOL Inc. and AppNexus Inc., a person with knowledge of the matter said.
About 1,200 jobs at Microsoft will be impacted, with some positions to be moved to AOL and AppNexus, said the person, who asked not to be identified because the deal hasn’t yet been announced. Some people will be offered other positions at Microsoft, while other jobs will be cut, the person said.