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Microsoft writes off ad agency billions

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Microsoft writes off ad agency billions

E
euronews (in English)

2 Views • Jul 03, 2012

Description

Microsoft has admitted an online advertising agency it bought five years ago is - in essence - worthless.

It will write off the value of the company, aQuantive, losing the equivalent of almost five billion euros.

The charge is likely to wipe out all profit from the world's largest software company's latest quarterly results.

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http://www.euronews.net/