Microsoft Raises $3.8B in Bond Sale

pfleming writes "Microsoft quietly, or not so quietly, raised some cheap cash in bond sales yesterday. For a company that already has a huge cash war chest and doesn't carry debt, what is the incentive to sell nearly $4 billion in bonds? From the article: 'Microsoft is sitting on $25 billion in cash, so the company doesn't need the bond proceeds "unless they have something big in mind," says Reena Aggarwal, professor of finance at Georgetown University's McDonough School of Business.'"

Comments

It's for Research and Development

[Locke2005]

Steve Ballmer's pet project: To finally find a truly effective cure for male pattern baldness. (Contrary to popular belief, his highest priority is NOT improving the accuracy of chair-tossing!)