I have to smile at the way the price that Microsoft are offering to pay for Yahoo is often rounded down to a straight $44 billion when it’s reported.
For example, last week on ReadWriteWeb: Plan B for Microsoft
It’s actually $44.6 billion. That “.6″ is $600 million, so not exactly trivial.
In fact it’s more than News Corp paid for MySpace or (at least at current exchange rates) Fairfax paid for Trade Me.
I guess at some point you just get numb to the number of zeros?
Reporting is just that…reporting. So it’s easy to generalize things.
I’m sure the people at both Microsoft and Yahoo have not forgotten about it. In fact, I’m sure they bickered about it for days.
Microsoft currently have 829.05 billion in cash reserves on their books. Isn’t that mind-boggling.
whoops, wrong symbol. That was Morgan Stanley (still mind boggling) Microsoft have 19 billion in cash.