Alx
Member
The valuation is surprising, but consider that Microsoft reportedly has $76billion in cash overseas that are invested in very low yielding securities. Bringing the cash back to the states would involve taxes on their overseas profits. From an opportunity cost perspective, the deal makes a lot of sense. The same rational was used in the Skype and Nokia purchases.
If MS has a few billions doing nothing in Europe, I could suggest them some companies to buy and spend some of that. Please PM me, Satya !
