As part of the reorganizations and layoffs announced today, Microsoft has decided to stop developing the MixRadio service it acquired from Nokia. However, the good thing Microsoft is doing is to_spin-off MixRadio from Microsoft so that it could operate as independent company. Currently, MixRadio_depends on the_revenue from the devices pre-loaded with MixRadio. If it becomes an independent company, it should find a new business model to survive in the highly competitive online music streaming industry. Microsoft will_continue to focus on developing and maintaining the best operating system for consumers to use music and entertainment with their choice of third-party applications along with their own Xbox Music platform. Speaking to Musically, Jyrki Rosenberg_of MixRadio team_said that he has seen very strong interest from investors in the US, Europe and Asia. “For me personally it’s very exciting. I’ve been meeting with potential investors around the world in the last few weeks. We have very strong interest from investors in the US, Europe and Asia, and we remain open for further discussions,” he...

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