September 25, 2007
Microsoft May Buy 5% of Facebook for $500m
An article in the Financial Times suggests that Microsoft may take a stake in the social network Facebook. The possible $500m investment for 5% of the business would mean that Facebook would be worth $10bn. The FT says:
Google and Microsoft are jockeying for a stake in a social networking site that is said to be creating a new way for internet users to meet people and interact with friends on the Web. In May, Facebook redefined itself as a platform, allowing other companies to create features like games, photo-sharing tools and music players that run in Facebook. That strategy, just four months old, has unleashed a flood of interest in the company, with thousands of independent software developers creating a range of programs for the service.
FT.com / Companies / Media & internet - Microsoft in talks to buy Facebook stake:
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