Financial "synergy" is a will-o'-the-wisp.It looks good on paper, but it fails to work out in practice.
I do wish to emphasize that in light of the Alibaba deal, Youku Tudou management will remain independent, and we will continue to be open to opportunities for cooperation with other strategic partners going forward.
A Microsoft-Yahoo merger is a deal only an investment banker could love.
You can get wrapped up in that megamerger mentality.
VMWare, as you know, remains a public company, and Secure Works is also a public company. And it's possible in the future that within the group, we could have other public companies.
Yahoo would benefit from going private or becoming part of a larger corporation.
I would be amazed if Oracle does not buy NetSuite.
The future, for us, is not in bold and big deals. It is in selective deals, and I prefer to focus on one accretive target worth around €2 bn. than several deals worth €200 m.
Goodrich was the biggest acquisition in the history of aerospace.
