Microsoft Said to Consider a Stake in Facebook |
| New York Times - Sep 25, 2007 |
Some people laughed at Mark E. Zuckerberg when he reportedly turned down a $900 million offer last year for Facebook, the social networking Web site he founded three and a half years ago.
Now, it may be Mr. Zuckerberg’s turn to laugh — all the way to the bank. Microsoft, Google and several funds are considering investments in the fast-growing site that could give the start-up a value of more than $10 billion, according to news reports.
While discussions are said to be in the early stages, Microsoft is reportedly considering an investment of $300 million to $500 million for a 5 percent stake of the company. And, according to The New York Times, Google is also interested in an investment.
Read Full Article from New York Times
- Posted: 2007-09-25 10:52:33
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