SHARE
Facebook X Pinterest WhatsApp

Microsoft Not Looking for Web Acquisitions

Jun 20, 2008

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.

Back to homepage

 

Recommended for you...

What do Amazon, Microsoft, Meta, and IBM Have in Common? Tape Storage
Drew Robb
Aug 15, 2022
What Does Quantum Computing Mean for IT?
Devin Partida
Aug 11, 2022
Solving the Video Surveillance Retention Challenge 
Drew Robb
Jul 28, 2022
Top 6 IT Challenges in Healthcare
Lauren Hansen
Jun 21, 2022
CIO Insight Logo

CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need to maintain regulatory compliance for their teams and organizations. CIO Insight is an ideal website for IT decision makers, systems integrators and administrators, and IT managers to stay informed about emerging technologies, software developments and trends in the IT security and management industry.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.