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Report: Microsoft plans to invest in, not acquire Facebook | |
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| Time: 15:16 EST/20:16 GMT | News Source: News.com | Posted By: Andre Da Costa | ||
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The Wall Street Journal is reporting that Microsoft is in talks with social-networking wunderkind Facebook to acquire a stake of up to 5 percent of the Mark Zuckerberg-founded company. It's still preliminary, the story by Robert A. Guth, Kevin J. Delaney and Vauhini Vara notes, but if such a deal goes through, the much-hyped Facebook could be valued at up to $10 billion as it heads toward a long-rumored initial public offering. Both companies denied to comment to the Journal. |
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