Published in News

Microsoft to borrow to buy Yahoo

by on05 February 2008


First time for everything

Microsoft will borrow money for the first time in its history to fund its $44.6 billion unsolicited offer for Yahoo.

According to, 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.

Microsoft has been keen on avoiding getting into any debt in its long history. Its cash pile has been a bit of an embarrassment but it was always assumed that this would be used up in its taking on of Yahoo.
Last modified on 06 February 2008
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