![]()
- New ‘Call of Duty’ rakes in $310 million in 1 day
- Intel settles AMD claims but isn't off the hook
- 'Call of Duty' sells $310M in N Amer, UK in 24 hrs
- HP's 3Com takeover marks a shot at Cisco
- Applied Materials to cut 1,300 to 1,500 jobs
- Drug industry presses FDA to allow more online ads
- Watch concerts free online at BillboardLive.com
- Yahoo CEO pledges to boost profit margins
MOST SHARED
- Today's Market Action
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- Low Interest Rate Investing
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- China's Role as Lender Alters Dynamics for United States
- Israel Going Green
- Inside Wal-Mart's Acai Berry Juice Maker
- CNBC TRANSCRIPT: Warren Buffett & Bill Gates - Keeping America Great
- White House Plans to Freeze Spending to Cut Deficit
- Week Ahead: Investors Go for Quality, Assess Recovery
- Hedge Fund Billionaire Paulson Reports New Citi Stake
- Cramer: 5 Earnings Reports to Watch Next Week
- Court Rejects 'Clawbacks' for Alleged Stanford Victims
- Cities With the Most Home Price Reductions
- Tax Credit Sparking First-Time Home Sales: Realtors
- Investors Cut Back US Stocks for Bigger Growth Abroad
- This Year's Biggest Thanksgiving Leftover: Cash
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."
- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
- For the chief of cable company Comcast, growth has been about making deals – generally very large deals.
- Some companies may start using insurance to shift carbon risk from their balance sheets to maybe... yours?
- The president and founder of Genesis Today wants to improve America’s health, and thinks Wal-Mart can help.
- Switzerland's privacy watchdog is taking legal action to force Google to make changes to its Street View service.
- A wealthy, distracted Texas driver crashed his million-dollar Bugatti Veyron sports car into a salt marsh, say police.













