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September 8, 2008 5:48:56 AM CDT

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Facebook Closes in on Combo Ad, Investment Deal

Posted Oct 24, 07 3:01 PM CDT in Business,  Technology 

(Newser) – Google and MIcrosoft are both pushing hard to land a deal to sell international ads for Facebook, and the networking site could announce a decision as early as today. Whichever company is chosen will also buy a minority stake in the startup. Top Google and Microsoft execs are traveling to Facebook headquarters for negotiations, reports the Wall Street Journal.

Microsoft is selling banner ads for Facebook in the US until 2011, but the site plans to expand into other countries and has been shopping around for an international partner. The New York Post has reported that the decision should come within the next day or two.

Source Wall Street Journal

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Facebook.com worker Ginnie Chan, left, works at Facebook headquarters in Palo Alto, Calif., Monday, Feb. 5, 2007. (AP Photo/Paul Sakuma)   (Associated Press)
Facebook founder Mark Zuckerberg smiles during a talk at Web 2.0 conference in San Francisco, Wednesday, Oct. 17, 2007. (AP Photo/Paul Sakuma)   (Associated Press)
Facebook founder Mark Zuckerberg listens to a question during a talk at Web 2.0 conference in San Francisco, Wednesday, Oct. 17, 2007. (AP Photo/Paul Sakuma)   (Associated Press)
Facebook is reportedly close to choosing between Microsoft and Google for a proposed deal.   (Getty Images)
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