Microsoft CFO: Yahoo a "declining asset"

Nov 8, 2006
Microsoft CFO Christopher Liddell said that Yahoo was a "declining asset" and said the chances of a full-on acquisition were now "negligible."

Liddell elaborated on CEO Steve Ballmer's earlier comments, saying the company went into its bid "totally genuine" but soured on a deal because it was taking too long. He called Yahoo a "declining asset."

"Time passed and value eroded," he said. "I think the chances of us buying Yahoo .. are so small that they are essentially negligible."

View Full Article: Yahoo News