“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,” Dina Bass reports for Bloomberg.

“About 1,200 jobs at Microsoft will be impacted, with some positions to be moved to AOL and AppNexus,” Bass reports. “Some people will be offered other positions at Microsoft, while other jobs will be cut, the person said.”

Bass reports, “Peter Wootton, a spokesman for Redmond, Washington-based Microsoft, declined to comment.”

Read more in the full article here.

MacDailyNews Take: Good luck to those impacted by this decision.

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