Tuesday, April 22, 2008

Yahoo results won’t affect Microsoft offer

Microsoft will hold firm on its $43.2 billion offer for Yahoo, regardless of whether Yahoo's quarterly results impress or disappoint investors, Chief Executive Steve Ballmer said on Tuesday.

"We think we can accelerate our strategy by buying Yahoo and will pay what makes sense for our shareholders," Ballmer said. "I wish Yahoo all the success with its results but it doesn't affect the value of Yahoo to Microsoft."

Ballmer, speaking at the launch of Microsoft's Web portal for North Africa, MSN Maghreb, has set <A HREF="http://news.yahoo.com/s/nm/20080422/bs_nm/yahoo_microsoft_dc">a Saturday deadline for Yahoo's board to accept a deal with Microsoft</A> or face a lower bid that it takes directly to Yahoo's shareholders.

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