Ballmer: Microsoft-Yahoo! pact a "win-win deal"

07/31/2009 | Reuters

Calling it a "win-win deal," Microsoft chief executive Steve Ballmer sought to convince a group of financial analysts that his company's 10-year search pact with Yahoo! would benefit both company's bottom lines. Yahoo!'s stock fell 12% immediately following Wednesday's announcement of the agreement, while Microsoft's stock saw a slight uptick. "I was myself kind of surprised by the market reaction," Ballmer told analysts. "Nobody gets it. It's a little bit complicated."

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