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Bloomberg Television to Answer Facebook: The $50 Billion Question

Bloomberg Television will offer its take on the deal between Facebook and Goldman Sachs in live one-hour special Facebook: The $50 Billion Question, which will air Wednesday at 9 p.m. ET/6 p.m. PT.

Anchor Betty Liu and Bloomberg Television San Francisco bureau correspondents Emily Chang and Cory Johnson will examine what the deal means, what the social-networking site is really worth, and how it can be valued higher than established companies such as Yahoo!, Time Warner, and eBay.

UPDATED 1/5 12:13 p.m.: Guests and interviews will include: Digital Sky Technologies (co-investor with Goldman Sachs) CEO Yuri Milner; The Facebook Effect author David Kirkpatrick; Bloomberg.com contributor and Infectious Greed editor Paul Kedrosky; Bill Cohan, former investment banker and author of House of Cards: A Tale of Hubris and Wretched Excess on Wall Street; and NYU professor and Firebrand Partners founder Scott Galloway.

Facebook: The $50 Billion Question will also feature a Bloomberg Game Changers interview with former MTV Networks president and chief operating officer Michael Wolf .

Fortune 2010 Business Person of the Year: Netflix CEO Reed Hastings

Netflix CEO Reed Hastings is a cover boy — specifically, the cover of Fortune, as he was named the magazine’s 2010 Business Person of the Year.

Other tech and media movers and shakers to crack the list of 50 included Apple CEO Steve Jobs (No. 3), Facebook CEO Mark Zuckerberg (No. 4), Baidu CEO Robin Li (No. 6), Oracle CEO Larry Ellison (No. 7), Amazon CEO Jeffrey Bezos (No. 10), Google CEO Eric Schmidt (No. 11), Zynga CEO Mark Pincus (No. 12), IBM CEO Sam Palmisano (No. 15), salesforce.com CEO Marc Benioff (No. 18), Andreessen Horowitz general partner Marc Andreessen (No. 19), Disney CEO Bob Iger (No. 22), Twitter CEO Dick Costolo (No. 24), Pandora founder Tim Westergren (No. 26), Time Warner CEO Jeffrey Bewkes (No. 27), DirecTV CEO Michael White (No. 32), Samsung Electronics CEO Geesung Choi (No. 39), Comcast CEO Brian Roberts (No. 43), and Mail.ru Group CEO Yuri Milner (No. 46).

Fortune reporter Peter Newcomb wrote on Hastings:

What does it take to be at the top of business in 2010? We searched for leaders who didn’t just crawl from the wreckage of the Great Recession, but sprinted from it. This year, Hastings has thrown his company’s muscle behind delivering television and movies over the Internet, risking his $2 billion-in-sales DVD-by-mail business. The result: a company that has grown from a gnat to a giant. Now when deals are made in media, the increasingly important question is, “What’s the Netflix piece?”

And Hastings told Fortune:

We are in a new race, and we are a player with some very large and substantial firms. Just to be in that league is an amazing place from where we were.

Web 2.0 Summit Panels Available for Streaming, Embedding

The Web 2.0 Summit, taking place at the Palace Hotel in San Francisco Monday-Wednesday, will offer live coverage for streaming and embedding free-of-charge, the conference’s organizers, O’Reilly Media and UBM TechWeb, announced Monday.

Speakers at the three-day event will include Google CEO Eric Schmidt, The Chernin Group founder Peter Chernin, Facebook CEO Mark Zuckerberg, Yahoo! CEO Carol Bartz, William Morris Endeavor Entertainment co-CEO Ariel Emanuel, Netflix CEO Reed Hastings, Gilt Groupe chairman Susan Lyne, Digital Sky Technologies CEO Yuri Milner, and Qatalyst Partners founder and head of merchant banking Frank Quattrone.

The Diamond Sponsor of the Web 2.0 Summit is Comcast. Platinum Sponsors are Bing, BlackBerry, Dell, and Yahoo!. Silver Sponsors of the event are Canaan Partners, iStockphoto, Ixaris, Meebo, Quova, TokBox, Unity Medical, and Visa. And Supporting Sponsors are Aperture, Ask.com, Omidyar Network, SendGrid, TriNet HR, and Wyse Technology.

It's Bloomberg's Turn to Poke Mark Zuckerberg

For fans of Facebook co-founder and CEO Mark Zuckerberg who already saw The Social Network and can’t wait until Jan. 6 for upcoming CNBC documentary The Facebook Obsession, Caitlin Fitzsimmons of sister blog All Facebook has some good news. Bloomberg Game Changers: Mark Zuckerberg is available for viewing online.

Bloomberg Game Changers: Mark Zuckerberg is a 25-minute documentary that includes interviews with the three people who accused Zuckerberg of stealing the idea for Facebook — Tyler Winklevoss, Cameron Winklevoss, and Divya Narendra — as well as Digital Sky Technologies CEO Yuri Milner, former MTV Networks president and CEO Michael Wolf, and David Kirkpatrick, author of The Facebook Effect: The Inside Story of the Company That Is Connecting the World, All Facebook reported, adding that Facebook itself did not participate in the Bloomberg documentary.

Russia buiding its own ‘Silicon Valley’

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Russian president Dmitry Medvedev flew to California this week to drum up support for his country’s attempt to build an entrepreneurial enclave just outside Moscow.

He met with California governor Arnold Schwarzenegger on Tuesday, and plans to meet with the founders of Twitter, as well as Google CEO Eric Schmidt, before meeting US President Barack Obama in Washington D.C.

Over the past four months, Russia has been building it’s own version of California’s Silicon Valley, called the Skolkovo ‘innovation city.’

“I want to see how things work on Silicon Valley. We would like to create something similar in the Russian Federation – adjusted to suit our views, of course,” Medvedev said in a Wall Street Journal interview.

To reduce its economic dependence on natural resources such as oil and natural gas, Russia has been pouring its efforts into high tech development. The government created a company called Rusnano to invest in nanotechnology, and has been supporting regional venture funds to invest in tech companies.

Medvedev also plans to meet with representatives with Cisco Systems, Yuri Milner, CEO of Russian investment firm Digital Sky Technologies, and Arkady Volozh, CEO of Yandex, Russia’s largest search engine.