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Microsoft's Ballmer Says Yahoo Buy Not a Strategy In Itself

     
4:04 pm on May 23, 2008 (gmt 0)

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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.

"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.

Microsoft's Ballmer Says Yahoo Buy Not a Strategy In Itself [reuters.com]
5:36 pm on May 23, 2008 (gmt 0)

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He's only digging his grave a bit deeper trying to weasel out of his bad calls in the past.
5:45 pm on May 23, 2008 (gmt 0)

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I like to do some of those "bad calls" if that's going to give me $50 BILLION to spend in acquisitions.

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...

7:12 pm on May 23, 2008 (gmt 0)

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Memo to Steve Ballmer:

Put some of that money into developing a world class cutting edge search engine that will make more people actually want to USE IT!

..............

7:33 pm on May 23, 2008 (gmt 0)

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Offer $10 million each to to Yahoo's top engineers.