Microsoft Buys Facebook Stake for $240M
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. That is a $15B valuation for the 4-year old company started by 23-year old Harvard drop out, Zuckerberg. As it was posted over here before, not bad for a college dropout.
Wednesday, October 24, 2007
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