Microsoft Not Looking for Web Acquisitions

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

 

CIO Insight Staff
CIO Insight Staff
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 network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

Get the Free Newsletter!

Subscribe to Daily Tech Insider for top news, trends, and analysis.

Latest Articles