Microsoft, Google want a piece of Facebook
The WSJ is reporting today that Microsoft is in talks to acquire 3-5% of Facebook for US $500 million, giving Facebook up to a $10 billion valuation.
While rumors have swirled of a possible impending Facebook IPO in recent weeks, Facebook founders have indicated that they’re much more apt to take strategic investments than raise public money.
Microsoft is already in bed with Facebook and best positioned to strike a deal, having signed an agreement last year to be the company’s exclusive advertising partner through 2011.
And though Google has been rumored
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in