Daily Archives: October 24, 2007

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…

1 Comment

Filed under Uncategorized