Yahoo! is damned big and important, doesn’t need Microsoft Deal
Posted by: admin in Stocks NewsFiled under: Deals, Microsoft (MSFT), Yahoo! (YHOO)
Yahoo Inc (NASDAQ: YHOO) claims not to be under pressure to ink a search deal with Microsoft (NASDAQ: MSFT). You know what that means …
The two distant followers in the search engine space were considering a partnership, but Microsoft’s newly released Bing search engine raises questions as to how committed Microsoft would be to a deal. Yahoo CEO Carol Bartz was swift to explain, according to Reuters, that “Yahoo doesn’t have to do anything with Microsoft about anything” and that it is “a damned big, important site.”
The benefits of the deal are salient, mostly involving scale and increased monetization of Yahoo’s search service. The second largest search company estimates that it would save up to $700 million in a year through the Microsoft partnership.
Although Yahoo is “damned huge,” Bartz believes that the acquisition of smaller companies that could be folded easily would be a good use of the company’s cash.
Yahoo! is damned large and important, doesn’t need Microsoft Deal originally appeared on BloggingStocks on Thu, 04 Jun 2009 14:00:00 EST. Please see our terms for use of feeds.
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