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Throwing away six billion dollars that's it is what Microsoft has just done as -- tech giant writes off nearly entire value of an online advertising -- bought in 2007.
Shibani Joshi has the details Shibani this deal effectively worthless.
If it effectively is again -- six billion bucks almost literally down the drain Microsoft acknowledging yesterday that it is going.
Have to write down its -- that in 2007.
Acquisition of eight quantitative.
An admission that the company and its online prospects aren't what Microsoft stock that they work.
Now after the bell the company disclose it is gonna write down six point two of this six point three billion dollar acquisition costs.
In the category of good well overall another reminder that Microsoft's online business.
Is it what it needs to be debating division the online division as a whole still running at an operating -- even today.
I've seen so what -- -- -- -- Microsoft shares are actually up a teensy bit today demand with quarterly results July 19.
But unfortunately this is and it is definitely going to hear it this is -- an impact the bottom line any profit Microsoft was likely to report is going to be wiped away.
Before the news came out analysts were expecting profits -- sit five point two billion bucks.
That is to be your reported on July 19 but after this news -- dot bomber and executives are now.
-- looking to it likely to report a loss of about 380.
-- difference okay thank you very much -- --
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