Facebook will accept an offer from either Microsoft or Google within the next 24 to 48 hours, according to the New York Post. Both companies are looking to sink between $750 million and $1.5 billion dollars into the site. The Post didn’t give odds or anything, but said that if Google wins it’ll look to undo the ad deal that Facebook struck with Microsoft earlier in the year. If Microsoft, it’ll throw a big party at Studio 54.
The Post is always right, by the way.
Facebook investment expected soon: report [Reuters, as the NY Post Web site doesn't have it up yet]