Microsoft is not to spend a lot right now

As announced Microsoft's CFO, Peter Klein, the company doesn’t plan to spend lots of money for making any acquisitions in the nearest future.

Actually, most companies aren't offering bargain-bin prices at present, and perhaps Microsoft's still playing it safe following the recession, too. As Klein said, "the stock market has clearly rebounded, so you sort of feel like you're back to equilibrium."

So, while some other significant deals, like Google acquisition of AdMob, are being closed, Microsoft is likely to only focus on implementing its arrangement with Yahoo, then, while perhaps picking up a few small companies here and there until things have settled down.

Such a behavior seems to be wise.