Microsoft and Facebook is hot search term thanks to the rumorthat is spreading like Wild Fire in the blogosphere. According to WSJ Microsoft could purchase upto 5% stake in facebook at a cost in the range of $300 million to $500 million. The rumors are strengthened by the announcement by Microsoft that they and Facebook Team Up for Advertising Syndication to the more than 9 million registered users of Facebook.
Facebook has been always a target for a buy out or a stake by the big 3 of the internet world Google, Yahoo and Microsoft. But Mark Zuckerberg and Facebook kept turning down offers unheard before for a start up company giving way to theories of an upcoming IPO !
Facebook’s valuation which is currently at $10 billion could go even higher as the rivals create a bidding war !
Showing posts with label Mircrosoft and Facebook Team Up. Show all posts
Showing posts with label Mircrosoft and Facebook Team Up. Show all posts
September 25, 2007
Mircrosoft and Facebook Team Up, But Is microsoft picking up a stake in Facebook ?
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