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23.04.2008 11:51 - category: World News : Yahoo News
- Source: Yahoo tech SAN DONATO MILANESE, Italy (Reuters) - Microsoft's (MSFT.O) chief executive reiterated on Wednesday that the software giant stood by its bid for Yahoo (YHOO.O) and would "move forward" if the Internet company's board rejected it.| ADVERTISEMENT |
"We know what Yahoo is worth to us. We offered a lot of money: $44 billion. It is not a lot of euros anymore. If their board thinks that's fair, great. If not, we'll move forward," Steve Ballmer said at a company event.
Ballmer did not explain what he meant by moving forward.
He was responding to a question about whether Yahoo's better-than-expected results for the first quarter would lead to a change in Microsoft's bid.
Asked whether Microsoft could make a bid for Google (GOOG.O), he said he did not think the Internet company would accept it for regulatory reasons, among other things.
(Reporting by Ian Simpson)
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