Microsoft: If Yahoo Bid Fails,To Use Funds On Own Online Operations
Mar.10, 2008 in
Market Outlook
Microsoft: If Yahoo Bid Fails,To Use Funds On Own Online Ops
Last Update: 3/10/2008 1:29:25 AM
TOKYO (Dow Jones)–A executive at Microsoft Corp.’s (MSFT) Japan unit said Monday
that even if the company failed in its bid to acquire Yahoo! Inc. (YHOO), it
would still make a significant investment in its own online business.
Yu Sasamoto, who heads Microsoft’s online division in Japan, said the offer
should be taken as a signal of how important Microsoft considers its Internet
operations.
He also said the company would make a “big announcement” regarding an investment
in its Japanese online business within the next six months, but declined to
comment further.
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