Facebook networking talks with Microsoft may value site at $10bn |
| Times Online - Sep 26, 2007 |
Microsoft is weighing up taking a stake in Facebook in a move that could value the social networking site at $10 billion (£5 billion) and trigger a bidding war.
It is understood that the world’s largest software developer is considering paying between $300 million (£149 million) and $500 million for a 5 per cent stake in Facebook. A move by Microsoft would almost certainly trigger counter interest from a clutch of rivals including Google, the leader in search advertising, and Viacom, the media giant.
Talks between Microsoft and Facebook are thought to be at an early stage and Facebook is believed to exploring alternative sources of funding, including venture capital money, to support ambitious expansion plans.
Read Full Article from Times Online
- Posted: 2007-09-26 10:11:27
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