C8.9. In September 1999, Microsoft agreedto buyVisioCorporation for stockvaluedat $1:26billion. Visio sellsa popularlineof technical drawing software. At

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C8.9. In September 1999, Microsoft agreedto buyVisioCorporation for stockvaluedat

$1:26billion. Visio sellsa popularlineof technical drawing software. At the time, MIcrosoft had $14 billionof cash on its balance sheet. Why mightMicrosoft pay for the acquisition withitsownstockratherthanin cash?

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Financial Statement Analysis And Security Valuation

ISBN: 9780071267809

4th International Edition

Authors: Penman-Stephen-H, Steven Penman

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