NEW YORK (Reuters) -
Microsoft Corp's (MSFT.O) CEO said the
company will not seek to make a spate of other Internet
acquisitions in the wake of its failed bid for Yahoo Inc
(YHOO.O), the Financial Times reported on Friday.

Speculation has emerged that Microsoft could try to buy
Facebook, in which it already owns a small stake, the AOL
division of Time Warner (TWX.N) and a slew of smaller concerns,
the newspaper reported in its online edition.

"People don't understand what they're talking about," Chief
Executive Steve Balmer said in an interview with the Financial

"At the end of the day, this is about the ad platform. This
is not about just any one of the applications," he added.

Microsoft abandoned a $47.5 billion offer to buy Yahoo last
month, but had more recently discussed a deal to take a 16
percent in Yahoo and buy its search business for $9 billion as
part of its effort to establish a stronger foothold in online

(Reporting by Matt Daily)