Microsoft to Pay $240 Million for (a tenny-tiny) Stake in Facebook

Microsoft to Pay $240 Million for Stake in Facebook – New York Times
The two companies said on Wednesday that Microsoft would invest $240 million for a 1.6 percent stake in Facebook. The investment values the three-year-old Facebook, which will bring in about $150 million in revenue this year, at $15 billion.

I’ll have to add more on this later…

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1 Comment

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One response to “Microsoft to Pay $240 Million for (a tenny-tiny) Stake in Facebook

  1. I just read this article.. thought you might like this..
    http://news.bbc.co.uk/2/hi/technology/7061641.stm

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