Ballmer: We Can Do A Lot With $50 Billion
By: David Utter
The game of will they/won't they acquire Yahoo continues, as Microsoft CEO Steve Ballmer bragged to the media about having money to play with means a deal with Yahoo isn't a necessity.
Though plenty of high-powered wealthy types want to see Microsoft back at the table with Yahoo, to talk about more than just a search and contextual ad deal, Ballmer isn't ready to play that game publicly yet.
Microsoft's CEO said in Reuters that going after Yahoo never actually meant going after Yahoo. Wait, what?
"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.
Some tech pundits suggested Microsoft could acquire every interesting startup in Silicon Valley with that much cash and still have money left over for other ventures. A Facebook acquisition persists as a Microsoft rumor, given the relationship between the two companies at present.
However, Microsoft may fork over some of that cash to Yahoo anyway, if for no other reason than to keep Yahoo from making a search and ad deal with Google. Such a result, barring antitrust objections you can be certain Microsoft would raise, presents the possibility of Google padding its lead in search and leaving Microsoft far in the distance.
About the Author:
David Utter is a staff writer for InternetFinancialNews and WebProNews covering technology and business.
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