Based on the underperformance of its online services division, Microsoft announced Monday that it would be taking a write-down of $6.2 billion. The non-cash, non-tax-deductible income statement charge for the fourth quarter of fiscal year 2012 is for the “impairment of goodwill” related primarily to its 2007 $6.3 billion acquisition of aQuantive, Microsoft said. In short, the acquisition of the online advertising company failed to produce the profits that Microsoft expected when it purchased it.
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Microsoft Blames $6.2B Write-Off on Weak Online Ad Division
Posted by: Vivian Wagner July 3, 2012 10:55 AMBased on the underperformance of its online services division, Microsoft announced Monday that it would be taking a write-down of $6.2 billion. The non-cash, non-tax-deductible income statement charge for the fourth quarter of fiscal year 2012 is for the “impairment of goodwill” related primarily to its 2007 $6.3 billion acquisition of aQuantive, Microsoft said. In short, the acquisition of the online advertising company failed to produce the profits that Microsoft expected when it purchased it.