Microsoft is to take a $6.2 billion charge
related to its 2007 acquisition of online advertising firm eQuantive,
the software giant announced Monday.
The company said the charge resulted from a goodwill writedown on
the purchase, and the fact that it now regards the prospects for
future growth and profitability as lower.
"While the eQuantive acquisition continues to provide tools for
Microsoft's online advertising efforts, the acquisition did not
accelerate growth to the degree anticipated, contributing to the
write down," Microsoft said in a statement.
Microsoft said that it doesn't expect the write-down, to be
recorded in its fiscal-fourth quarter, to affect its continuing
business or financial performance.
A statement is available here: http://www.microsoft.com/en-us/news/Press/2012/Jul12/07-02CorpNewsPR.
