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Microsoft buys Facebook stake

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Posted by: forwardone

SOFTWARE giant Microsoft has paid around £120 million for a 1.6 per cent stake in Facebook, the hugely popular social networking website.

Analysts said the deal values Facebook - which is understood to have knocked back an offer from web colossus Google - overall at around £7.5bn.

Facebook founder Mark Zuckerberg launched the website in his Harvard University dorm room less than four years ago.

http://business.scotsman.com/techno...m?id=1702432007


Posted by: forwardone

Ah, no surprise then that Microsoft promotes advertising on Facebook...

http://advertising.microsoft.com/facebook

Quote:
Facebook and Microsoft
Microsoft and MSN have partnered with Facebook to connect advertisers with their ideal audience in a relevant way. Through Facebook, advertisers gain the essential tools to connect with the Facebook audience of mostly 18- to 34-year-olds.



Posted by: golddust

Quote:
£120 million for a 1.6 per cent stake in Facebook
That's quite a spend for such a small percentage.
Let's hear it for the entrepreneurs who still make the "little guys" mark. Too bad any goes to MSN.



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