Having made the public announcement on Friday about its intentions to take over Yahoo for a formidable $44.6 billion, Microsoft now intends to fund a portion of the amount by borrowing money. This is the first time in the history of Microsoft that it would be borrowing money to fund its acquisition.
Chris Liddell, Chief Financial Officer at Microsoft, says that the software company may take on some debt to finance the cash portion of its 50-50 stock and cash offer for Yahoo. In an annual strategy meeting with analysts, he told, "It's likely we're actually going to borrow for the first time."
Although it wants the board at Yahoo to make the deal faster, the latter wants to take more time to go through the proposition Microsoft has made. Yahoo says it wants to measure all the strategic options which also includes the option of remaining independent.
Chris Liddell, Chief Financial Officer at Microsoft, says that the software company may take on some debt to finance the cash portion of its 50-50 stock and cash offer for Yahoo. In an annual strategy meeting with analysts, he told, "It's likely we're actually going to borrow for the first time."
Although it wants the board at Yahoo to make the deal faster, the latter wants to take more time to go through the proposition Microsoft has made. Yahoo says it wants to measure all the strategic options which also includes the option of remaining independent.
1 comments:
Why Microsoft is helping yahoo? What's the main reason behind this?
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