Is Microsoft rebounding with Facebook?

Category: Web 2.0

May 9th 08, 10:47

The collapse of talks between Yahoo! and Microsoft has reportedly thrust a new target into the software giant's sights - Facebook.

A new acquisition object is now top of the company's agenda after chief executive Steve Ballmer walked away from the search pioneer last weekend, reports the Times.

Now, the computing leader has approached Facebook founder Mark Zuckerberg to test the waters for a possible takeover.

A recent report from Hitwise and Experian highlighted that no company can afford to ignore the business potential of social media strategies as more users rely on such resources to communicate with existing friends and make new ones.

Facebook was valued at some $15 billion (£7.5 billion) in October, when Microsoft purchased a $240 billion stake in the user-generated phenomenon.

In March of this year, Asian investor Li Ka-shing doubled his stake in the online networking company.

The company was founded by Zuckerberg when he was a Harvard student.

This news story was brought to you by Bluhalo, a leading UK digital agency.

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