Inside the Briefcase
Will Microsoft Get Lucky With Yahoo?
October 25, 2011 No CommentsSOURCE: TechNewsWorld
Microsoft CEO Steve Ballmer recently commented on Yahoo’s (Nasdaq: YHOO) present situation by saying “Sometimes you’re lucky.” He was referring to his company’s rebuffed attempt to buy Yahoo a few years ago for $47 billion. But that doesn’t necessarily mean he thinks owning Yahoo now would be a bad idea — perhaps all he meant was that by waiting a few years, Microsoft may be able to get Yahoo for a whole lot less than $47 billion.
And that’s exactly what it intends to do, according to a Wall Street Journal report. Several billions in Microsoft cash would be joined with financing from Silver Lake and the CPP Investment Board.
