This was kind of expected, let's see who wins (if anyone does) the final battle:
"Facebook has suddenly become the hottest property on the Internet, with Microsoft and Google slugging it out over the purchase of just a small stake in the social-networking site amid a much larger battle for dominance in online advertising.
In recent weeks, Microsoft approached Facebook with a proposal to invest $300 million to $500 million for a 5% stake in the startup firm, a move that could value all of Facebook at $10 billion or higher, people familiar with the matter tell The Wall Street Journal. But these people say that Google is also angling for a Facebook stake."
Read the full article here.
Tuesday, September 25, 2007
Posted by Stephanie TS. at 4:08 PM