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Microsoft CFO: Yahoo a "declining asset"

Discussion in 'News' started by Echo419, July 25, 2008.

  1. Echo419

    Echo419 FS Owner

    Microsoft CFO Christopher Liddell said that Yahoo was a "declining asset" and said the chances of a full-on acquisition were now "negligible."

    Liddell elaborated on CEO Steve Ballmer's earlier comments, saying the company went into its bid "totally genuine" but soured on a deal because it was taking too long. He called Yahoo a "declining asset."

    "Time passed and value eroded," he said. "I think the chances of us buying Yahoo .. are so small that they are essentially negligible."

    [​IMG] View Full Article: Yahoo News

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