<<Microsoft and Google are each vying to take 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.>>
http://www.nypost.com/seven/10242007/business/online_faceoff.htm
I think this rumor is very plausible and Google really wants to have some control there. But MS has an deal with Facebook. |
5 to 10 percent sounds so little for Google. |
...Plenty enough to guarantee an advertising deal while the G work on their own social networking site... |
>> 5 to 10 percent sounds so little for Google.
Well, Google bought 5% of AOL for $1 Billion in 2005 back when it had less money.
http://www.nytimes.com/2005/12/17/technology/17aol.html |
>> Plenty enough to guarantee an advertising deal while the G work
The Microsoft advertising contract for Facebook runs out in 2009 so maybe Google's main interest is to stop Microsoft controlling too much of Facebook and using it to thrawt Google's own efforts. |
They had about 130-140B dollars back in 2005.
Don't think the money is the real factor here. The percentage of shares has much more relevance. |
