Microsoft to invest in Facebook?
September 24, 2007
Well so says CNBC and the Wall Street Journal!
This story just out on CNBC says that Microsoft is considering an investment in Facebook of up to 5% of the social network. This cost is said to be $300 to $500 million which would value Facebook at up to $10 billion!
Apparently they’re in talks about a possible deal.
It would make sense. Microsoft don’t really have any social network interests and this would be a foot in the door and one in the eye for Google (who also expressed an interest in taking a share). Microsoft could do with a ready made advertising community, and this is one of the biggest available.
I’ll wait to see what happens with interest on this one!