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Thursday, February 22, 2024

Microsoft May Buy 5% Stake In Facebook

The article Microsoft Is in Talks To Buy Facebook Stake from the Wall Street Journal reports that Microsoft is in talks with Facebook to place a 5% stake in the company, putting the valuation of Facebook at $10 billion.

The Wall Street Journal said that Google “also expressed strong interest in a possible Facebook investment,” so there might be a bidding war taking place over Facebook.

A few months back we reported that Yahoo May Buy MySpace For 25% Stock Swap, but nothing on that news yet. Is this Microsoft/Facebook deal going to happen? The Wall Street Journal claims that people close to the deal say that it is way too early to tell. Microsoft, Facebook, and Google have not made any statements on this report as of yet.

More coverage on the Microsoft/Facebook deal at Techmeme.

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