Microsoft is planning to buy Hair.us, an online hair-care and styling platform, for $1.2 billion, according to a filing with the Securities and Exchange Commission.
The company also intends to buy out Hair.me for $700 million.
Microsoft has previously acquired other online hair and beauty services, including Hanes, Hanes Hairline and Hanes Beauty.
Hair.com is not the only online hair service to be bought by Microsoft, but the acquisition is notable because it comes as the company’s focus is expanding its reach in the personal care market.
Microsoft previously acquired hair-and-makeup company Kering, which launched in 2014 and has since been acquired by Amazon for $600 million.
Hairs.com, which has a market value of about $1 billion, is currently being run by three different teams that are separate from the company, and a number of products and services are available through the service.
Microsoft is also developing a new online hair treatment product called Kress.
Microsoft is expected to pay a dividend of $1 per share.