TITLE

Report: Microsoft Made Move on Facebook

AUTHOR(S)
Schachter, Ken
PUB. DATE
May 2008
SOURCE
Red Herring;5/7/2008, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reveals that software giant Microsoft has dispatched investment bankers to gauge whether Facebook would entertain an acquisition offer, according to Dow Jones' AllThingsD web site. Microsoft has a 1.6 percent stake on the site following its 2007 investment of $240 milion. The report claims there are no ongoing negotiations between the two companies. Meanwhile, Microsoft ended its negotiations with Yahoo following a rejection of its stock and cash offer.
ACCESSION #
36834916

 

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