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Microsoft's Ballmer: We Don't Need to Buy Yahoo
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Microsoft Chief Executive Officer Steve Ballmer said on Friday the company had never seen buying Yahoo as strategic, and dropping the bid meant it now had $50 billion to spend on other acquisitions. (Video: CNBC's David Faber discusses Yahoo's stalling tactics)
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CNBC.com |
"Yahoo was never the strategy we were pursuing," 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 added.
Microsoft [MSFT
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In Israel this week Ballmer said Microsoft was now not in talks to acquire Yahoo, but was looking at other types of deals with the U.S. No. 2 search engine.
Microsoft has already made an offer to buy Yahoo's search business and take a minority stake in the Web firm, a source familiar with discussions recently told Reuters.
Ballmer also dismissed suggestions Microsoft's Silverlight technology would merge with its rival Adobe System's [ADBE
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"We compete with Flash ... I'm open-minded, but there's really no discussion of merging with Adobe. Developers should all learn Silverlight," he said.
The Internet start-ups sector, which has recently seen a new class of instant-messaging tools, is not being used to its full potential, Ballmer added.
"There are many businesses that are in some senses under-appreciated by the market," he said, particularly healthcare start-ups.
"There's an aging population -- it's one of the biggest-growing parts of the world economy."
Data is a real-time snapshot *Data is delayed at least 15 minutes
