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Microsoft Buys Facebook Stake for $240M

15 Billion dollar valuation

9:42 pm on Oct 24, 2007 (gmt 0)

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joined:Feb 14, 2003
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15 Billion dollar valuation? Think it's worth it?


"SAN FRANCISCO (AP) -- Rapidly rising Internet star Facebook Inc. has sold a 1.6 percent stake to Microsoft Corp. for $240 million, spurning a competing offer from online search leader Google Inc.

The deal announced Wednesday after several weeks of negotiation values Palo Alto-based Facebook at $15 billion -- less than four years after Mark Zuckerberg started the online social networking site in his Harvard University dorm room."


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