Yahoo buy not a strategy in itself: Microsoft CEO

Discussion in 'News' started by FSOwner, May 24, 2008.

  1. FSOwner

    FSOwner FS Owner

    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.

    [​IMG]</img> View Full Article: Reuters

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