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Microsoft CEO stands by bid for Yahoo
Last Updated: 2008-04-23 15:39:36
San Donato Milanese, Italy: Microsoft's chief executive reiterated on Wednesday that the software giant stood by its bid for Yahoo and would "move forward" if the Internet company's board rejected it.
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"We know what Yahoo is worth to us. We offered a lot of money: $44 billion. It is not a lot of euros anymore. If their board thinks that's fair, great. If not, we'll move forward," Steve Ballmer said at a company event.
Ballmer did not explain what he meant by moving forward.
He was responding to a question about whether Yahoo's better-than-expected results for the first quarter would lead to a change in Microsoft's bid. Asked whether Microsoft could make a bid for Google, he said he did not think the Internet company would accept it for regulatory reasons, among other things.
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