Monday, July 2, 2012

Microsoft to take $6.2 billion charge following failed aQuantive acquisition

Microsoft to take $6.2 billion charge following failed aQuantive acquisition

. Microsoft on Monday announced that the company's online services division will take a $6.2 billion charge related to its 2007 acquisition of aQuantive. “Microsoft Corp. today announced that it will take a non-cash, non-tax-deductible income statement charge for the fourth quarter of fiscal year 2012 for the impairment of goodwill in its Online Services Division segment, mostly related to its 2007 aQuantive, Inc., acquisition,” the company said in a press release. It continued, “Microsoft completed its acquisition of aQuantive on Aug. 13, 2007, in an all-cash transaction valued at just over $6.3 billion.

Boy Genius Report , Microsoft to take $6.2 billion charge following failed aQuantive acquisition, Microsoft to take $6.2 billion charge following failed aQuantive acquisition

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