Summary:

The race to invest in Facebook is in its home stretch, reports NYP, with Microsoft (NSDQ: MSFT) and Google (NSDQ: GOOG) duking it out…the…

The race to invest in Facebook is in its home stretch, reports NYP, with Microsoft (NSDQ: MSFT) and Google (NSDQ: GOOG) duking it out…the investment deal might be announced in the next day or two, the story says. Each are vying for a 5-10 percent stake, and the valuation could reach the fabled pre-money valuation of $10 billion-$15 billion. On the high side, that means Microsoft or Google would have to come up with $1.5 billion for a 10 percent stake or $750 million for a 5 percent stake.

NYP says it looks like Google might have the upper hand, and that Tim Armstrong, the head of advertising for the company, is leading Google’s negotiations.

You’re subscribed! If you like, you can update your settings

Comments have been disabled for this post