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Talks between media companies and Microsoft over the software giant’s online subscription service has been put on hold, it was reported on Reuters.

The technology giant had been in intense talks with potential programming partners for over a year and was hoping to roll out the Netflix-style service in the next few months. But it pulled back after deciding that the licensing costs were too high for the business model Microsoft envisaged, people familiar with the discussions said. 

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Microsoft is planning an iPad version of its popular Office software suite, The Daily reports.The product is set to cost around $10 – about the same price Apple charges for its Pages, Numbers and Keynote products.