At the annual Financial Analyst Meeting 2009 on Thursday (July 30), Microsoft CEO Steve Ballmer talked about the global deal with Yahoo. Mr. Ballmer indicated that the software giant has a “win-win” and coherent strategy for the global deal. As Mr. Ballmer said in the meeting “Microsoft, we get a chance by putting together our scale and Yahoo!'s scale in the United States and in some other countries where Yahoo! has scale.” This global scale strategy might not work, but at least the giant has a plan. Here are few quotes from Microsoft press release:
This deal is a win-win deal and it is a win-win partnership because together Yahoo! and Microsoft can bring more choice, better value, and more innovation to the search market. And I will say for this crowd, together we can create economic value, an economic value that's going to benefit Yahoo! shareholders and Microsoft shareholders. And certainly my view just sitting there—sort of taking questions (and I have been taking questions about Yahoo!, let's face it, for about 18 months now) but taking questions over the last 18 months, including yesterday, and walking through the deal and watching the market reaction—is nobody gets it. So I'm going to try to explain it from both companies' perspectives because it's a little bit complicated.
Read Microsoft press release, click here
(chart: Microsoft)
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