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MicroStrategy to sell subsidiary for $110M

MicroStrategy announced that it entered into an agreement to sell its subsidiary, Angel.com Incorporated, a leading provider of cloud-based customer experience management solutions for interactive voice response and contact centers, to Genesys Telecommunications Laboratories. The aggregate purchase price is approximately $110M in cash, subject to certain post-closing adjustments. The transaction is subject to regulatory approval and the satisfaction of customary closing conditions and is expected to be completed in March 2013.