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Microsoft Corp Chief Executive Steve Ballmer said on Friday that buying Yahoo was not a strategy in itself, and dropping the bid meant it now had $50 billion to spend on other acquisitions.Microsoft's Ballmer Says Yahoo Buy Not a Strategy In Itself [reuters.com]
"Yahoo was never the strategy we were pursuing, it was a way to accelerate our online advertising business," he told a packed hall at a technology conference in Moscow.
"We will spend money on some acquisitions. You can do a whole lot of things with 50 billion dollars," he said.
joined:June 2, 2003
I guess buying Yahoo's search business would be a much less expensive deal.
Microsoft seems to have the negotiation scenario pretty much under control.
Money talks, 'reality distortion' walks...
joined:Dec 29, 2003