Setting the stage for a possible bidding battle, Microsoft Corp. is mulling an investment in Facebook Inc. that would value the rapidly growing online hangout at $10 billion or more, according to a report published Monday.
Citing unnamed people familiar with the matter, The Wall Street Journal said Microsoft is holding preliminary discussions that could culminate in a $300 million to $500 million in Facebook, a Palo Alto social-networking site founded just 3 1/2 years ago.
Interesting, but here is the information that caught my attention:
An outright sale of Facebook is considered unlikely. Mark Zuckerberg, Facebook’s 23-year-old co-founder and chief executive, has repeatedly expressed his desire to remain independent. He rejected a $1 billion acquisition offer from Yahoo Inc. last year.
23-year-old CEO is remarkable.