Now Microsoft Eyes Facebook Stake
Techtree News Staff, Sep 26, 2007 1459 hrs IST
That Microsoft is in a tearing hurry makes sense -- especially since Google is also believed to be rapidly expanding its footprint in the Internet advertising business.
Techtree News Staff, Sep 26, 2007 1459 hrs IST
That Microsoft is in a tearing hurry makes sense -- especially since Google is also believed to be rapidly expanding its footprint in the Internet advertising business.
Coming close-on-Google-heels is Microsoft's apparent interest in a minority stake in Facebook, the popular social networking Web site.
The software giant has quietly granted broad powers to a recently hired executive, whose mission statement is to shake-up the company's online business, sources close to the development revealed.
If Microsoft's talks are to fall through, the company could end-up acquiring up to 5 percent stake in Facebook for a sum ranging between $300 million and $500 million.
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