Microsoft Corp. (MSFT) (MSFT) is taking a $6.2 billion writedown for almost the entire amount it paid for Internet-advertising company AQuantive Inc., signaling that its online division will perform worse than the company projected.Source: BusinessWeek
The non-cash charge means the company will probably post a loss for the quarter, which ended in June. Before yesterday’s statement, analysts had predicted (MSFT) that Microsoft would report profit of $5.3 billion in the period, data compiled by Bloomberg show.
Microsoft takes $6.2 billion writedown on AQuantive acquisition
Posted on Tuesday, July 03 2012 @ 21:34 CEST by Thomas De Maesschalck