Zuckerberg: Facebook is wrapping up financing

October 17, 2007 | Matt Marshall | Comments | |

zuckerberg3.jpgHere at the Web 2.0 conference in San Francisco, the chat with Facebook chief executive Mark Zuckerberg was the first major draw. The reason: The company, the hottest subject in Silicon Valley, is reportedly in discussions with Microsoft, Google and Yahoo about taking a large investment from them. Only one of them is likely to win the honor.

One dominant rumor is that Microsoft wants to own a five percent stake in Facebook, at a valuation of between $10 billion and $15 billion.

Zuckerberg, when asked about how the negotiations are going, said it’s about done: “It’s going well. We’re almost wrapped up,” he said.

Other than that, the crowd mumured about Zuckerberg’s reluctance to say anything specific at all about any of the questoins thrown at him. No other news on this one, we’re afraid.

Dean Takahashi, of the Mercury News has more about the talk here.

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Matt Marshall is editor and CEO of VentureBeat. Follow him on Twitter at @mmarshall, and follow VentureBeat on Twitter at @venturebeat.

  • Adi
    The billion dollar question here is "Mirror Mirror on the Wall, who is the biggest sucker of them all'.
  • Jason
    Matt...See Below....
    "One dominant rumor is that Microsoft wants to a five percent stake in Facebook, at a valuation of between $10 billion to $15 billion"

    One dominant rumor is that Microsoft wants a five percent stake in Facebook, at a valuation of between $10 billion to $15 billion.
  • Ida
    Its interesting that the only thing that companies these days have that they can sell and buy is Equity, not products or services for which there are paying customers.

    I wonder how Zuckerberg would respond to this question "Oh.. so you are a businessman. What do you sell?"