The title might come to you as some surprise, since the rumour mill focused on Yahoo’s possible acquisition of Facebook has been hard at work for over a year. However, the New York Post now claims that Google and Microsoft are battling to invest in Facebook (if you can’t buy it, invest in it), both looking for a 5-10 percent stake.
If the pre-money valuation really reaches $15 billion (New York Post claims it’s $10-$15 billion), it means that Google or Microsoft would have to dish out approximately 1.5% billion for a 10 percent stake in Facebook.
Remember when Yahoo’s one billion offer for Facebook seemed like a lot of money? Well, it’s a whole new ball game right now.
According to New York Post, the deal will be made in the next one or two days, and Google seems to be winning (read: more willing to dish out an insane amount of cash). Other sources, claims the Post, say that Microsoft is willing to offer “any price” to keep Google from buying a piece of Facebook.
The game’s on; we’ll report on any further developments promptly.
[via New York Post]
Visit here to subscribe to these comments[...] Investing In Facebook: Google Or Microsoft?Source:Mashable!2007-10-24 [...]
R|mail.