Tuesday, September 25, 2007

A Bidding War for Facebook?

Deemed "rumor and speculation" by Facebook, Microsoft Corp. is apparently considering a stake in the popular social networking site.

In my opinion, Facebook founder and CEO Mark Zuckerberg wishes to remain independent, especially after declining a $1 billion offer from Yahoo last year. Moreover, with $100 million in annual revenue after just 3.5 years, there is no urgent need to offer such a stake.

However, if the rumors are true, I could also see Google entering the bidding war....

Read the full article on Yahoo!

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