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Submission + - Microsoft Admits It Wasted $6 Billion On Ad Business (techweekeurope.co.uk)

judgecorp writes: "Microsoft has written off $6.2 billion of the $6.3 billion it spent on aQuantive, an online advertising company. The acquisition was supposed to make Bing competitive against Google in online ads. Instead, by Microsoft's admission, it's been a complete waste of money — and it was the largest acquisition the company has made apart from Skype."
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Microsoft Admits It Wasted $6 Billion On Ad Business

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Can anyone remember when the times were not hard, and money not scarce?

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