Microsoft invests $240M in Facebook, valuing startup at $15B
| October 24, 2007 |  View for printing |
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.
By MICHAEL LIEDTKE, AP Business Writer
Full Story: http://www.sfgate.com/cgi-bin/articl ... 3636D02.DTL
No reader comments so far. Be the first to comment by clicking the button below.
Reprinted under the Fair Use doctrine of international copyright law. Full copyright retained by the original publication. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
