Thursday, October 25, 2007

MICROSOFT BUYS STAKE IN FACEBOOK

Microsoft has finalized plans to take a $240 million equity stake in Facebook during its next round of financing. Thel deal will give Microsoft a 1.6 percent stake in the Facebook, giving the social networking website a highly theoretical, paper value of somewhere in the neighborhood of $15 billion.

Paper or otherwise, a respectable neighborhood.

1 Comments:

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