Microsoft to record $6.2 billion charge after failed acquisition
Tuesday, July 3, 2012/
Microsoft has said it will take a $US6.2 billion charge associated with the company’s acquisition of aQuantive all the way back in 2007.
In a statement, the company said although the acquisition “continues to provide tools for Microsoft’s online advertising efforts”, the acquisition didn’t provide the growth expected.
“The goodwill in the Online Services Division was substantially the result of the 2007 acquisition of aQuantive. As a result of its 2012 impairment review, Microsoft has determined that a write down of its Online Services Division goodwill of approximately $6.2 billion is required.
“Microsoft does not expect this accounting write down to affect its ongoing business or financial performance.”