Just to let you know, yesterday Microsoft purchased a $240 Million stake in Facebook. How much was that stake you ask? Actually only a mere 1.6%. This has brought up Facebook’s believed value to 15 Billion. Bet they’re glad now they rejected the $1 billion offer from yahoo at the start of the year. I was actually left dumbfounded when I heard they had spent so little on such a small share, but there is many theories flying around. One thing I noticed is that they seem to now have their nose in the largest social networks online, i.e.. Myspace, Microsoft LiveSpaces and now Facebook. Most curious of questions going around is how did they beat google?
There’s quite a few good articles that delve further in depth into the matter, like the associated press article which I quite liked, and the wired article, which I also liked, and found quite informative.No comments
No comments yet.