Tuesday, February 05, 2008

Microsoft says to borrow money for Yahoo deal | Technology | Reuters

Strange days indeed

Microsoft Chief Financial Officer Chris Liddell said the software company may issue some debt to finance the cash portion of its 50-50 stock and cash offer for Yahoo, instead of drawing down its entire $21 billion cash pile.

"It's likely we're actually going to borrow for the first time," said Liddell in an annual strategy meeting with analysts. "It's going to be a mixture of the cash we have on hand plus debt."

Microsoft says to borrow money for Yahoo deal | Technology | Reuters

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