Microsoft Posts $6.2B Writedown, Citing 2007 aQuantive Buy

Law360, New York (July 2, 2012, 10:54 PM EDT) -- Microsoft Corp. will make a $6.2 billion write-down amid flagging growth in its online services division, which comprises its intended Google Inc. rival search engine Bing, the software giant said Monday, blaming the move on its 2007 purchase of online ad company aQuantive.

Microsoft completed its $6.3 billion purchase of aQuantive in August 2007 in a move aimed at competing with Google’s $3 billion acquisition of online advertising firm DoubleClick Inc., but the move ultimately undercut the firm's goodwill consideration, the amount paid for a business...
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