With $25 billion in its coffers, Microsoft isn’t exactly hurting for cash. So why is the company planning a bond offering that could raise billions in additional capital? Microsoft will say only that the sale of the notes will be used for “general corporate purposes.” Those include working capital and share buybacks. They also include acquisitions.
Read More »
Much as Google would like to think otherwise, the U.S. Senate isn’t quite ready to rubber-stamp its proposed acquisition of DoubleClick. The top two members of the Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights–Democrat Herb Kohl of Wisconsin and Republican Orrin Hatch of Utah– sent a strongly worded joint letter to the Federal [...]
Read More »
Google appears well on its way to displacing Microsoft as the focus of the antitrust community’s attentions. A U.S. House of Representatives subcommittee has opened a preliminary antitrust investigation into Google’s planned $3.1 billion purchase of the online advertising company DoubleClick. This just 10 days after the Federal Trade Commission–which is also investigating the acquisition–approved [...]
Read More »
Lest there be any doubt that there is a bubble in the online advertising business, consider Microsoft’s planned purchase of aQuantive. After losing DoubleClick to Google, Right Media to Yahoo and 24/7 Real Media to WPP, Microsoft offered a jaw-dropping $6 billion in cash for aQuantive. That’s $66.50 a share–an 85% premium over [...]
Read More »
If Microsoft is planning an acquisition in the online marketing and advertising space, it better act fast, because if it waits much longer there won’t be anything left to acquire. This morning marketing conglomerate WPP agreed to pay $649 million for 24/7 Real Media, one of the last remaining independent Internet advertising specialists, in an [...]
Read More »