Yahoo on the lookout for social networking site

Yahoo is looking to become a social networking player and the easiest way to do that is to buy a company that is already up and running. "I can guarantee you there will be some acquisitions, and we will do some stuff in house," Yahoo's CTO, Ari Balogh, told Forbes.

So far, Yahoo has tried and failed with its own social networking sites: Yahoo Mash and Yahoo 360. In addition, Yahoo tried to buy Facebook, reportedly offering as much as $1 billion. It's no surprise that Yahoo is still looking for a way into social networking.

For more on how Yahoo is shopping around:
- check out this Forbes.com article

Related Articles:
Are you hip to social networking?
Lost your job? Try social networking to find one
Security pros get comfortable with social networking
Survey: Developers head to social networks
Protect your reputation online