Report: Microsoft & Google Compete To Own Stake In Facebook
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.
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.