Arab Today, arab today microsoft to take 62 bn writeoff for online unit
Last Updated : GMT 11:50:29
Arab Today, arab today
Arab Today, arab today

Microsoft to take $6.2 bn writeoff for online unit

Arab Today, arab today

Arab Today, arab today Microsoft to take $6.2 bn writeoff for online unit

New York - AFP

Microsoft said Monday it would take a $6.2 billion writedown to reflect the slump in value of its online services division. The charge reflects a writedown related to 2007 acquisition of aQuantive, a digital advertising firm aimed at helping Microsoft compete against Google and others. The charge, to be reflected in the company\'s upcoming earnings report, is required under accounting rules to reflect a lower value or so called \"goodwill impairment.\" \"The goodwill in the Online Services Division was substantially the result of the 2007 acquisition of aQuantive,\" Microsoft said. \"As a result of its 2012 impairment review, Microsoft has determined that a writedown of its Online Services Division goodwill of approximately $6.2 billion is required.\" Microsoft announced the deal in August 2007 in a move aimed at seizing market share from rivals Yahoo! and Google in the lucrative market that tailors advertising to Internet search results. Despite the writedown, Microsoft said the share of Internet search from its Bing unit has been increasing, and that revenue per search has also been growing. \"MSN is the number one portal in 29 markets worldwide and the company\'s partnership with Yahoo! has continued to expand geographically,\" Microsoft said in a statement. \"While the Online Services Division business has been improving, the company\'s expectations for future growth and profitability are lower than previous estimates.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today microsoft to take 62 bn writeoff for online unit Arab Today, arab today microsoft to take 62 bn writeoff for online unit

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today microsoft to take 62 bn writeoff for online unit Arab Today, arab today microsoft to take 62 bn writeoff for online unit

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday