Microsoft, one of the most visible superpowers at the Consumer Electronics Show, has decided its keynote and booth at the upcoming event in January will be its last.
The chances of AT&T’s bid for T-Mobile USA succeeding rapidly diminshed after AT&T said it would take a $4 billion charge in case its takeover fails. The telecommunications group and T-Mobile owner Deutsche Telekom, said they would continue to pursue anti-trust approval for the $39 billion takeover from the Department of Justice, but withdrew for now applications to the industry regulator.
Microsoft has signed a confidentiality agreement with Yahoo, allowing the software giant to take a closer look at Yahoo’s business, according to a source familiar with the matter. Microsoft joins several private equity firms that are also poring over Yahoo’s books and operations, as they explore various options for striking a deal with the struggling Internet company. Microsoft’s signing of a nondisclosure agreement with Yahoo occurred “recently,” according to the source.
Microsoft Corp shareholders left the software giant’s annual meeting grumbling that they did not get to ask more questions in their once-a-year opportunity to quiz Chairman Bill Gates and CEO Steve Ballmer. One thing the chief executive did tell shareholders was that there is no benefit in breaking the company up. In response to a question about how the company can jolt its stock price out of a 10-year rut, Gates played up the company’s strong balance sheet and said the market would respond to innovation.
As Microsoft Corp’s Xbox gaming console nears its 10th anniversay, the company said its future may lie beyond gaming.
Pressure mounted on Japan’s Olympus to take radical action after it admitted to hiding losses on securities investments for decades, with the camera and endoscope maker’s largest foreign investor demanding the resignation of the company’s entire board. Southeastern Asset Management, which owns about five percent of the 92-year-old company, said Tuesday’s admission “changes everything”.