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Microsoft’s $240 Million Stake in Facebook

“Microsoft has won a high-profile technology industry battle with Google and Yahoo to invest in the social networking upstart Facebook.

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.” - Source

This entry was posted on Wednesday, October 24th, 2007 at 10:52 pm and is filed under microsoft, software. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Microsoft’s $240 Million Stake in Facebook”

  1. Ghillie Suits » Microsoft’s $240 Million Stake in Facebook Says:
    October 24th, 2007 at 11:18 pm

    […] Check it out! While looking through the blogosphere we stumbled on an interesting post today.Here’s a quick excerptMicrosoft’s $240 Million Stake in Facebook “Microsoft has won a high-profile technology industry … companies said on Wednesday that Microsoft would invest $240 million for a 1.6 percent stake in Facebook … this year, at $15 billion.” - Source October 24th, 2007, posted by admin microsoft, software […]

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