Google and Microsoft Battle it Out For a Slice of Facebook
24th Oct 2007
Google is hoping to once again beat rival Microsoft, this time in the investment of Facebook.com
Microsoft and Google each want a stake of between 5 percent and 10 percent in Mark Zuckerberg's social-networking site, with a deal expected to be announced in the next 24 to 48 hours, according to three sources familiar with the situation.
Google, has been trying to drive the price up to a point that would scare away Microsoft, this time however Microsoft is hanging tough, despite recent comments by CEO Steve Ballmer that social-networking sites were "a bit faddish." One source said the Redmond, Wash.-based company is "willing to give any valuation possible" to keep Facebook away from Google.
Facebook is currently searching for a way to monetize traffic on its site.
Source: Nypost.com
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