Online Faceoff from NY Post reports Google is in a heated battle with Microsoft to own a stake in Facebook.

The two companies would like to own a 5 percent and 10 percent stake in Facebook to leverage the huge opportunity of advertising revenue from the site amongst other opportunities that come with owning a stake in a company with such a large user base. Microsoft is reportedly willing to spend more than they think the company is worth to beat out Google in securing an investment in the company.

We reported in the past that Microsoft May Buy 5% Stake In Facebook and that Yahoo wanted to buy the company.

How much does 5 to 10 percent cost in Facebook? Facebook’s investors are looking for $1.5 billion for a 10 percent stake or $750 million for a 5 percent piece stake in the company.

More coverage on this news can be found at Techmeme.

Related Topics: Business Issues: Acquisitions & Investments | Facebook | Google: Business Issues | Microsoft: Business Issues

About The Author: Barry Schwartz is Search Engine Land's News Editor and owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can be followed on Twitter here. For more background information on Barry, see his full bio over here. See more articles by Barry Schwartz