Company-wide acquisition now unlikely
Last modified on Friday, 25 July 2008 07:33
Microsoft has declared that it is no longer in the discussion phase with Yahoo over acquiring all of its assets. Again. Today, Christopher Liddell, Microsoft’s CFO stated that Yahoo is, in his opinion, a declining asset. Liddell went on to state that “Time passed and value eroded.
I think the chances of us buying Yahoo…are so small that they are essentially negligible.” This statement mirrored CEO Steve Ballmer’s statement that its on and off talks with Yahoo are now clearly in the “off” phase.
At Microsoft’s financial analyst meeting Ballmer stated, “Now we aren’t [talking] and that’s where things are. There is nothing under discussion between the two of us.”
While Liddell indicated that a partial deal for the search assets of Yahoo could still be possible, time is running out for this option. He indicated that Microsoft believes it can compete with search engine giant Google even without Yahoo.
However, as usual, Ballmer didn’t shut the door completely on Yahoo. He also said that regarding the two companies, “Does that mean nobody will ever talk?...I suspect not.” Stay tuned for Round Ten.