Social Networking - Monday, September 24, 2007
MSFT Wants To Nibble Off Stake In Facebook
Microsoft is in talks with Facebook to pay $300M-$500M for a 5% stake in Facebook, says the Wall Street Journal. Microsoft has been intimate with Facebook since the two came to terms on a deal where Microsoft is selling Facebook ad inventory. For sure, Google talks nicely about Facebook and they may have talked buyout, as Yahoo did more openly, but Google has more mature social networking lines of business that compete with Facebook.
Why would Facebook sell a stake at this point? The Journal reports that it is considering raising as much as $500M in cash that could be used for acquisitions, investing in computer infrastructure and adding to its roughly 300-person headcount, said the people familiar with the company.
Read - WSJ
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