Valleywag
Good to know the New York Post reads Valleywag. A story today reports that Facebook will strike a deal within two days. Down the stretch, it's looking like the race is between Google and Microsoft, with Google's Tim Armstrong, as we reported, leading the deal. The Post says Armstrong has been driving up the price to scare off Ballmer & Co., with a stake as high as 10 percent, worth up to $1.5 billion, on the table. (Photo by Jeff Kubina)
Facebook deal expected in 24 to 48 hours
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8:29 AM on Wed Oct 24 2007
By Nicholas Carlson
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Just a reference point: Google has $13 billion in cash, Microsoft has $21 billion in cash.
Yahoo! has $2.2 billion in cash, so with Facebook's insane valuation, I don't think they're players.
Time Warner/AOL has $35 billion of debt. Heck, what's an extra $1.5 billion? They might bite. Ahahahahaha!!!
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