SKHIRAT, Morocco (AFP) — Steve Ballmer, head of US software giant Microsoft, said Tuesday latest quarterly performance results from the Internet company Yahoo would not influence the price his company was prepared to pay for a takeover.
"We have a strategy for the Internet that we are very excited about," he told a press conference in this Moroccan town launching a new portal product, MSN Maghreb.
"We think we can accelerate our strategy by buying Yahoo and we will pay what makes sense for us to pay for our shareholders.
"I wish Yahoo all success with the results today... but it does not really affect what the value of Yahoo is to Microsoft."
http://afp.google.com/article/ALeqM5jYZyBLLKTrPwfAmJXvGPX8koOizw
Isn't there a bit of a contradiction on Microsoft's part. On one end, in this article Ballmer says that Yahoo's performance will not affect the price is Microsoft is willing to pay because the price is reflective of Yahoo's worth to Microsoft's strategy.....On the other hand, in a letter wrote to Yahoo's Board of Directors, Microsoft stated that any further delays will result in a lower bid.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment