Facebook close to deal w/ Microsoft or Google

[Jayems]

Social networking site Facebook is close to signing a deal with either Microsoft Corp. or Google Inc. that would value it at up to $15 billion U.S., according to several reports.

http://www.cbc.ca/technology/story/2...-facebook.html

15 billion? Damn.. this guy is going to be loaded.

[mykalberta]

That 15bil number has been around a while. It would make NewsCorp's purchase of Myspace look like pure genious. M$ has cash to blow but it doesnt fit their buisness model.

[MelBridgeman]

lol at the friendster guys who turned down google a few years ago...

[SeeGeeWhy]

Originally Posted by mykalberta

That 15bil number has been around a while. It would make NewsCorp's purchase of Myspace look like pure genious. M$ has cash to blow but it doesnt fit their buisness model.

Why would you say that?

[urban1]

$15B for the business and ALL the personal data of how many users?? Sounds like a great deal.

[iggypop]

How was much was MySpace sold for?

[mykalberta]

Originally Posted by SeeGeeWhy

Why would you say that?

Everytime they try to buy a niche style company with a grassroots following that company dies or gets absorbed and phased out. There will always be a segment of the population that will never like M$ (whether it be Windows, money, virus related etc). And as soon as M$ gets their hands on something like that it dies.

I can see them doing it simply to give their stock a jumpstart but in the end Office and Server OS's make them money, not monkey ventures like this (x360 is a smidge different because they are trying to use this to muscle out the low end PC market).

[Incinerator]

15 Billion and it's not even a takeover, just for a 10% stake LOL

[Paul Westerburg]

is this why scrabulous isn't working today? ughhhh

[foofighter15]

Originally Posted by urban1

$15B for the business and ALL the personal data of how many users?? Sounds like a great deal.

my life is worth $280000 according to Microsoft!

[mykalberta]

Just read the article - if its a 5-10% stake as reported I would definatly say google.

[Bend it like Bourgeois]

if it's a 10% stake that values the company at 15 bil, the stake itself is 'only' 1.5 billion.

[IntenseFan]

Originally Posted by Bend it like Bourgeois

if it's a 10% stake that values the company at 15 bil, the stake itself is 'only' 1.5 billion.

Which would be pocket change for M$.

Why oh why didn't I go into computer science?

[Nufy]

Originally Posted by IntenseFan

Why oh why didn't I go into computer science?

Girls............

[Teh_Bandwagoner]

*waits ever so patiently in hopes that Facebook one day gets publicly traded*

[Incinerator]

Originally Posted by Bend it like Bourgeois

if it's a 10% stake that values the company at 15 bil, the stake itself is 'only' 1.5 billion.

The way I read it is MS/Google is PAYING $15 billion FOR the 10% stake plus advertising rights. So by your logic FB would be worth $150 billion



edit...nevermind, just re-read it, looks like you had it right.

[return to the red]

looks like 240 million is the price

http://ca.news.finance.yahoo.com/s/2...ook-stake.html

[Fuji]

wow that is an insane price tag

[Fuji]

Originally Posted by Teh_Bandwagoner

*waits ever so patiently in hopes that Facebook one day gets publicly traded*

what's going to be the initial price? :P

[ken0042]

$240 million for a 1.6% stake? Why would anybody bother?