Skip navigation
Watchlist Sponsored By :

LATEST TECHNOLOGY VIDEO


Current DateTime: 12:49:34 30 Nov 2009
LinksList Documentid: 19836971
Expiration DateTime: 11/30/2009 12:51:11 PM
    • Online Shopping Rush Begins 

        This Monday was 'Cyber Monday' where consumers begin the online rush to buy gifts in the run-up to Christmas. Richard Kanareck, director at eBay, discusses the significance of the day and gives an outlook to online shopping during the festive season.

    • India's Third-Quarter GDP Soars 

        India's economy grew at an annualized rate of 8% in the third quarter, smashing market expectations and soaring past the 6% figure recorded in the second quarter. Arvind Ramakrishnan from Exclusive Analysis and Arnab Das from Roubini Global Economics discuss the region.

powered by digg
Microsoft's Ballmer: We Don't Need to Buy Yahoo
By: Reuters | 23 May 2008 | 08:59 AM ET
Text Size

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)

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  Loading...      ()   ] walked away from a proposal to acquire Internet media company Yahoo for $47.5 billion, or $33 per share, after Yahoo [YHOO  Loading...      ()   ] rebuffed the offer earlier this month, saying it would only settle for $37 per share.

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  Loading...      ()   ] Flash technology to combat competition from a potential merger between Adobe and old Microsoft rival Apple [AAPL  Loading...      ()   ].

"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."

Copyright 2009 Reuters. Click for restrictions.
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • Ever wished your cab driver would stop chatting and just get to where you're going? Well, that moment is closer than ever.
  • UPS truck
  • UPS is giving its customers the option to offset its carbon emissions when sending a package.
  • Romania's presidential campaign has been rocked by a video that may show the president striking a 10-year-old boy.
  • alligator
  • Raising alligators is hard work, and the fickle taste of rich consumers has just made it much harder, says the NY Times.
  • A recent issue of ESPN Magazine was one of its top sellers ever, and it only took scantily clad athletes to make it happen.
  • The continued real estate boom in China is partially fueled by a generational flood of newlyweds.
ADD COMMENTS
Remaining characters


Current DateTime: 12:26:42 30 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 11:44:56 30 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 12:34:59 30 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 11:23:57 30 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters