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Old 05-08-2008, 11:26 AM   #1 (permalink)
mahesh_172004
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Default Microsoft Eyes Facebook

SEATTLE -- Microsoft Corp. (MSFT/Nasdaq) is gauging Facebook's interest in a possible acquisition after the software giant's failed takeover attempt of Yahoo Inc.(YHOO/Nasdaq), the Wall Street Journal reported on Wednesday.

The newspaper reported on its All Things Digital Web site that Microsoft's bankers have put out "subtle signals" to Facebook, the social networking Web site, to see if it would be open to a full acquisition.

Facebook and Microsoft officials were not immediately available for comment.

In October, Microsoft took a US$240-million stake in Facebook, which valued the start-up at US$15-billion. Citing unnamed sources, the report said Facebook is still likely to pursue an initial public offering.

The news came a few days after Microsoft tabled its unsolicited offer to buy Yahoo for US$47.5-billion in an effort to build an online advertising powerhouse to rival Google Inc.

Facebook, founded in 2004 by Harvard student Mark Zuckerberg, has become one of the hottest properties on the Internet because of its rapid growth and the loyalty of its users. Facebook has more than 70 million active users.

In the past, Mr. Zuckerberg has resisted selling the entire company, opting to work toward an initial public offering.
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Old 05-08-2008, 01:45 PM   #2 (permalink)
sarita_agrawal2008
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thanx 4 ur information
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Old 05-08-2008, 05:21 PM   #3 (permalink)
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nice information share thanx

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Old 05-08-2008, 07:54 PM   #4 (permalink)
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thanks for the info..but i dont think its anything close to the truth
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Old 05-08-2008, 07:55 PM   #5 (permalink)
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good info,nice share

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Old 05-09-2008, 04:50 PM   #6 (permalink)
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nice sharing information.
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