Microsoft CEO tries to sell analysts on Yahoo deal

July 30, 2009

(AP) -- Microsoft Corp. CEO Steve Ballmer is trying to improve Yahoo Inc. investors' opinions of the companies' search-advertising partnership.

Yahoo's shares fell 12 percent Wednesday and continued dropping Thursday. Ballmer told a meeting of financial analysts that he doesn't understand why, saying, "Nobody gets it."

The says investors should be happy with a deal that erases Yahoo's search costs but lets it keep most of the revenue from advertising sold alongside search results on its Web site.

Ballmer also says combining the two companies' search traffic will draw more advertisers.

Microsoft shares were up 1.1 percent at $24.07 in midday trading Thursday.

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Explore further: Ballmer reiterates interest in Yahoo talks

Related Stories

Microsoft, Yahoo! in search, ad talks

April 10, 2009

Microsoft and Yahoo! have held "early discussions" about possible Internet search and advertising partnerships, a leading Silicon Valley technology website reported on Friday.

Yahoo shares rise following Microsoft ad-deal report

April 13, 2009

SAN FRANCISCO _ Shares of Yahoo Inc. bucked the downward trend for technology stocks Monday and gained more than 7 percent, following reports late last week that the company is in serious discussions with Microsoft Corp. ...

Yahoo open to Microsoft deal under right terms

May 27, 2009

(AP) -- Yahoo Inc.'s chief executive said Wednesday that she is open to joining forces with Microsoft Corp. so both companies can better compete in Internet search, but a deal would need a specific set of terms - including ...

Yahoo CEO: Shake-up needs more time, not Microsoft

June 3, 2009

(AP) -- Yahoo Inc. Chief Executive Carol Bartz has a message for investors hoping for a quick fix at the slumping Internet company or for an online search partnership with Microsoft Corp. - don't expect either to happen ...

Yahoo rallies on renewed hopes for Microsoft deal

July 17, 2009

Yahoo Inc. shares rose 4 percent Friday amid speculation it will team up with Microsoft Corp. in an online search advertising partnership aimed at mounting a more serious challenge to Google Inc.

Recommended for you

Netherlands bank customers can get vocal on payments

August 1, 2015

Are some people fed up with remembering and using passwords and PINs to make it though the day? Those who have had enough would prefer to do without them. For mobile tasks that involve banking, though, it is obvious that ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.