Microsoft saves 30 billion

Sat 18 October 2008 21:26, Editors

Microsoft saves 30 billion

The rich are getting richer. This happens deliberately by the clever rich (Buffet) or accidentally by the less clever rich. Steve Ballmer belongs to this last group.

Not long ago he offerd $ 47.5 billion for Yahoo! However, Jerry Yang, CEO of Yahoo, thought otherwise and rejected Ballmer’s bid even twice. Since May, when Ballmer wanted to pay 50 billion dollars for Yahoo, the marketvalue of Yahoo fell to 17 billion dollars. After recent statements by Ballmer that a takeover of Yahoo still has economic value directly made shares rise 10%. Microsoft denies any plans for another try to take over Yahoo.

<No financial crisis for Google
Massive cutbacks at Yahoo>

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