Skip to navigation

PCPro-Computing in the Real World Printed from www.pcpro.co.uk

Register to receive our regular email newsletter at http://www.pcpro.co.uk/registration.

The newsletter contains links to our latest PC news, product reviews, features and how-to guides, plus special offers and competitions.

Latest News

Microsoft: Chances of Yahoo takeover "negligible"

Posted on 25 Jul 2008 at 10:51

Microsoft has described the chances of it taking over Yahoo as now being "negligible", all but ruling out a further bid.

Speaking at its investors day, Microsoft's chief financial officer Chris Liddell described Yahoo as "a declining asset".

"We made a credibly generous bid with a very high premium because we were looking for speed," Liddell said. "Time passed and value eroded. I think the chances of us buying Yahoo are so small that they are essentially negligible."

Speaking at the same event, Steve Ballmer also confirmed that Microsoft was "done" chasing the web company.

"There's nothing under discussion between the two of us. We had a set of principles, we talked about them, it didn't work out. Fine, we're done. We can move on," Ballmer told investors, before dismissing Yahoo as a competitor.

"This [web advertising] is a two-horse race," He said. "It is about Microsoft and Google."

Author: Stuart Turton and Reuters

Be the first to comment this article

You need to Login or Register to comment.

(optional)

advertisement

Most Commented News Stories
Latest Blog Posts Subscribe to our RSS Feeds
Latest Reviews Subscribe to our RSS Feeds
Latest Real World Computing

advertisement

Sponsored Links
 
SEARCH
SIGN UP

Your email:

Your password:

remember me

advertisement


Hitwise Top 10 Website 2008