Microsoft in Talks to Acquire 5% of Facebook

The Wall Street Journal reports:

Microsoft Corp. is in talks with Facebook Inc. about making an investment in the social-networking startup that could value Facebook at $10 billion or more, according to people familiar with the matter.

The talks set up another likely face-off between tech titans: Google Inc. has also expressed strong interest in a possible Facebook investment, said people familiar with the matter.

I can’t say I’m surprised. Microsoft got the sweetheart advertising deal with Facebook and they’ve had MS executives speak at Facebook events in the past.

This is what happens when I go out for lunch and spend the afternoon blissfully designing Websites without going near my feedreader…

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