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MS looking to invest in Facebook

Tuesday, September 25, 2007

Software Giant and makers of the Xbox console Microsoft are interested in buying 5% of online community site Facebook. For Facebook this would add an extra $15 billion in terms of value to the compan, which shot to fame in a very short time span. the actual value for the shares is an estimated $400 million.

Facebook, which is led by its 23-year-old Chief Executive Mark Zuckerberg, wants to raise money to expand its operations.

Google is also rumored to have interest in Facebook.

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