Ballmer: Spending spree is not plan B
Reiterating earlier comments, Microsoft's CEO says the company has no plans to make up for a failed Yahoo bid by acquiring a string of other companies.
A handful of smaller acquisitions can't make one Yahoo deal, Microsoft's Steve Ballmer says.
Ballmer, speaking to the Financial Times, said that despite rumors, the company has no plans to make up for the failed Yahoo deal by acquiring a string of smaller companies. "People don't understand what they are talking about. At the end of the day, this is about the ad platform. This is not about just any one of the applications," Ballmer said.
Yahoo rejected Microsoft's acquisition offer and insteadlast week.
Clearly, search is still at the top of Ballmer's list of priorities. "The most important application for the foreseeable future...is search," Ballmer told the FT.