Microsoft CEO tries to sell analysts on Yahoo deal

Jul 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 This material may not be published, broadcast, rewritten or redistributed.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: Yahoo profit surges on Alibaba divestment, mobile

add to favorites email to friend print save as pdf

Related Stories

Yahoo rallies on renewed hopes for Microsoft deal

Jul 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.

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

Jun 03, 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 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 ...

Microsoft, Yahoo! in search, ad talks

Apr 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

Apr 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. ...

Recommended for you

Turner channels removed from Dish amid pact spat

10 hours ago

Channels such as Cartoon Network and CNN are no longer part of Dish's programming lineup as a deadline has passed for the satellite TV provider and Turner Broadcasting to renew their distribution agreement.

Verizon reports higher 3Q net income, revenue

11 hours ago

Verizon Communications Inc. on Tuesday reported higher net income and revenue in its third quarter, helped by strong wireless subscriber growth and demand for its high-speed FiOS Internet services.

Amazon, Simon & Schuster sign book retail deal

19 hours ago

Amazon has reached a deal with American book publisher Simon & Schuster, the companies said, though the e-commerce giant remains at loggerheads with France's Hachette over e-book pricing.

User comments : 0