The social networking space may see more action in coming days as Software Giant Microsoft Corp is planning to invest in Social networking website Facebook. The company plans to buy up to 5% stake in fast growing online social network with an investment of nearly US $400 million.
Google has also shown interest in buying stake in Facebook, but there has been no official statement regarding the issue. Google also operates a social networking website orkut. Microsoft will get better access to a very huge user base of Facebook after this investment.