Facebook will accept an offer from either Microsoft or Google within the next 24 to 48 hours, according to the New York Post. Both companies are looking to sink between $750 million and $1.5 billion dollars into the site. The Post didn’t give odds or anything, but said that if Google wins it’ll look to undo the ad deal that Facebook struck with Microsoft earlier in the year. If Microsoft, it’ll throw a big party at Studio 54.
The Post is always right, by the way.
Facebook investment expected soon: report [Reuters, as the NY Post Web site doesn't have it up yet]
Keep us posted Nicholas, that is the kind of news that I want to know. Yahoo must be embarrassed that they did not want to raise their bid on Facebook earlier last year.
Did you contacted GOOG, MSFT or FB?
…and who said copycats can’t make a a dime!
Jon
Dear Nicholas,
Its going to be Microsoft and the amount is $240 million equity stake in Facebook’s next round of financing at a $15 billion valuation.
Please follow the link: http://biz.yahoo.com/prnews/071024/aqw247.html
Google missed a good opportunity.
Rgds,
Sushant Madhab