Ballmer: Yahoo-Microsoft Deal Is Dead

 
 
By Chloe Albanesius  |  Posted 2008-07-24 Email Print this article Print
 
 
 
 
 
 
 

Any Yahoo acquisition plans Microsoft might have entertained are now dead, says Microsoft CEO Steve Ballmer. Microsoft is moving on and looking to invest more in search, a business Ballmer categorizes as a "two-horse race" between Microsoft and Google.

Any Yahoo acquisition plans Microsoft might have entertained are now dead, said Steve Ballmer, Microsoft's CEO.

A Yahoo merger would have helped Microsoft's bid to overtake Google in search, Ballmer said, but with the $40 billion bill for Yahoo now off the books, Microsoft is moving on and looking to invest more in search, a business he categorized as a "two-horse race" between Microsoft and Google.

"Yahoo for us was always a tactic, not a strategy," Ballmer said during the company's annual financial analyst meeting July 17.

When Microsoft talks about "the need to change our position revenue per search curve, Yahoo is a tactic to accelerate that," he said. Yahoo and Microsoft also would have "had R&D and capital expense synergies by coming together."

At this point, however, "there's nothing under discussion between the two of us," Ballmer said. "It didn't work out; we're done."

In the future, Microsoft hopes that its place will be in search, he said.

Click here to read more on PC Magazine.

 
 
 
 
 
 
 
 
 
 
 

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