Microsoft has acquired Seattle based social networking site WebFives.
WebFives was initially founded in 2004 by former Microsoft engineer Mike Toutonghi as Vizrea and offers social networking with a focus of mobile media, including video, music and photos. Users are provided with standard social networking profile pages complete with blogging, and have the option of accessing their sites via computer or via a WAP specific page.
According to The Seattle Times, Toutonghi told WebFives users that the service will stop at the end of the year because of the Microsoft acquisition, making the acquisition a technology buy as opposed to a community buy. Toutonghi went on to encourage users to sign up to MSN Spaces and/or Windows Live for their social networking experience.
Price of the acquisition was not disclosed.