ONE MORE REASON TO FIND ANOTHER SOCIAL NETWORK!!
Is Apple looking to acquire Facebook? Peter Kafka at All Things Digital is advancing the idea following the company’s live earnings call Monday. No doubt, Apple seems poised to make a major acquisition given its
whopping $51 billion in cash. And Apple CEO Steve Jobs’s statement that the company’s in a “unique opportunity to take advantage of… very strategic opportunities” adds fuel to the speculation. After the earnings call Kafka said “I don’t remember Jobs ever signaling his desire to go shopping quite as openly as this before.”
He goes on to speculate that a Facebook purchase is in the works:
It’s hard not to read or hear that quote and not think that he’s thinking about some very big buys… Feel free to throw your own guesses in, but I’ll kick off with my own: It’s a company that has yet to compete with or brush up against Apple in any significant way. And it’s one that Apple seems unlikely to be able to move aside, even if it wanted to. And it’s one that’s already competing directly with Google, which has to make Jobs like it even more. And, if you believe this L.A. Times report, Jobs is already strolling around Palo Alto with its CEO: What do you think of Apple buying Facebook?
For mergers and acquisitions fiends, the prospect of a Facebook purchase was too tantalizing not to weigh in on. Here are the cases for and against this actually happening: