Microsoft buys Wand Labs to boost chatbot technology

Microsoft Corp. has agreed to acquire Wand Labs, a startup whose messaging technology will help upgrade the software giant's efforts in chatbots. Financial terms of the deal weren't disclosed. Earlier this week, Microsoft MSFT, 1.41% agreed to a blockbuster acquisition of LinkedIn Corp. LNKD, 0.02% for 26.2 billion. Redwood City, Calif.-based Wand Labs will join the Bing engineering and platform group at Microsoft. The Bing group has been developing technology that fits into Microsoft's strategy surrounding what Chief Executive Satya Nadella calls "conversation as a platform."