Microsoft Not Looking for Web Acquisitions
The New Reality for Customer Engagement
Date: 5/31/2018 @ 1 p.m. ET
Microsoft's CEO said the company will not seek to make a spate of other Internet acquisitions in the wake of its failed bid for Yahoo, the Financial Times reported on Friday.
Speculation has emerged that Microsoft could try to buy Facebook, in which it already owns a small stake, the AOL division of Time Warner and a slew of smaller concerns, the newspaper reported in its online edition.
"People don't understand what they're talking about," Chief Executive Steve Balmer said in an interview with the Financial Times.
"At the end of the day, this is about the ad platform. This is not about just any one of the applications," he added.
Microsoft abandoned a $47.5 billion offer to buy Yahoo last month, but had more recently discussed a deal to take a 16 percent in Yahoo and buy its search business for $9 billion as part of its effort to establish a stronger foothold in online advertising.
IT Solutions Builder TOP IT RESOURCES TO MOVE YOUR BUSINESS FORWARD
Which topic are you interested in?
What is your company size?
What is your job title?
What is your job function?
Searching our resource database to find your matches...