Microsoft to buy Portion of Facebook

By Aleksi | Permalink | No Comments | September 25th, 2007 | Trackback

Most of us own an account at one of the online networking sites. Not long ago, Myspace made news by being sold for what seemed at the time to be a rediculous price. What is the fact, however, is that large companies like Yahoo and Microsoft are willing to fork over large amounts of cash for what they deem as the future of marketing. Let’s face is, large companies don’t want to do anything that won’t somehow make them more money down the line, so obviously Microsoft hopes to use the network that is being expanded daily that is Facebook to their advantage in some way or another.

Through the months, privacy advocates have been attempting to make their voice heard over the masses, appealing that “selling out” to these companies will decrease the quality and low-key interface of some of these sites. Myspace is a common example, as the website has now become corrupted with more and more ads, attempting to target users.

Currently, Microsoft is said to be in discussion about a 5% stake purchase of Facebook, for somewhere between $300 million to $500 million, a lot of cash, but significantly less than the rumor of the $1 billion offer from Yahoo to purchase the entire website.

You can read more about this here.

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