Tuesday, September 25, 2007

Breaking: Microsoft to bid on Facebook for a $10 billion valuation

Seems Facebook founder Mark Z. was right when he turned down Yahoo's offer last March, which would have valuated his company at around $750 million (!).

Setting the stage for a possible bidding battle with Google, Microsoft is thinking over an investment in Facebook Inc. that would value the number 2 online social network at $10 billion, according to a report published Monday by the WSJ.

See here for more info: Microsoft considers stake in Facebook - U.S. Business - MSNBC.com

For info, Microsoft already had secured an ad deal with Facebook last month...

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