Why Microsoft isn't buying Facebook
- added May 9, 2008
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- ajwashington
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When Microsoft walked away from its blockbuster bid for Yahoo, the media sought desperately to keep the news coming even when there wasn't much left to say. That seems to be how The Wall Street Journal came up with the notion that Microsoft had approached Facebook about an acquisition. It's not true, according to Fortune Magazine staff writer David Kirkpatrick.
Kirkpatrick said sources at Microsoft recently have told him several things. First, that absent a shocking new development, the Yahoo pursuit really is over. Second, that there is no near-term interest in "replacing" the Yahoo deal with the purchase of another giant Internet business. Instead, smaller acquisitions of various sizes will continue over time.
Finally, there is virtually no likelihood of a deal soon either to buy Facebook or to increase Microsoft's share in the popular social networking site. Facebook remains of great interest to Microsoft management, but the fact that Microsoft's investment bankers may have contacted Facebook says little, if anything, about the true intentions of their client.
Kirkpatrick said sources at Microsoft recently have told him several things. First, that absent a shocking new development, the Yahoo pursuit really is over. Second, that there is no near-term interest in "replacing" the Yahoo deal with the purchase of another giant Internet business. Instead, smaller acquisitions of various sizes will continue over time.
Finally, there is virtually no likelihood of a deal soon either to buy Facebook or to increase Microsoft's share in the popular social networking site. Facebook remains of great interest to Microsoft management, but the fact that Microsoft's investment bankers may have contacted Facebook says little, if anything, about the true intentions of their client.
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- ajwashington
- 4 months ago
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