Microsoft on Monday said in a regulatory filing that it will issue bonds for the first time to raise and undisclosed amount of capital. And given that Microsoft doesn't exactly need the money you can't help but wonder what the software giant will do with the dough.
For the record, Microsoft is using the net proceeds from the bonds "for general corporate purposes, which may include funding for working capital, capital expenditures, repurchases of our capital stock and acquisitions."
Bloomberg reckons that Microsoft will buy back shares. Boooorrrrrinnnngggg. Let's go the acquisition route. Microsoft has an AAA credit rating and will have Wall Street fawning over these bonds. Wall Street already fell in love with IBM, Cisco and Oracle bonds. What's not to love about companies with gobs of cash issuing bonds?
FuRuy has opened a Twitter account called “Project Alice” teasing a new game announcement on April 25 at 20:30 JST.
New report from Skillsearch found that 22% of those surveyed had been laid off within the past 12 months.
It's a step forward for Stop Killing Games.
Microsoft's piles of cash are running out? Awwwwwww.
Or are they just trying to make their piles even bigger?
How much cash are we talking here if billion dollars MS can make 20 first party studios developers with that money.
It about time MS start ruling the game industry with a iron fist lol ps3 owners beware MS is going on a shopping spree ps3 just lost a exclusive.
Who knows....could be ramping up for R&D and pre-production for the next XBOX. Only MS really knows how that money will be appropriated. :)
Now, why would they put all that into their Entertainment Division? I think most of that money will go to advertising for Windows 7, 'cause MS can't afford it to be a fiasco like Vista. Windows is their main income, it doesn't matter how profitable the 360 becomes, if the OS side starts to go bad, they'd still be receiving the most cuts.