Microsoft Wins!
Beating out Google, Microsoft will buy 1.6% of Facebook for a mere $240 million. The amount will value Facebook at $15 billion. Of course, what Microsoft was really buying was screwing Google out of controlling ad space on one of the most popular websites in America.
Either way, not bad for a company with $150 million in ad revenue started up by a college kid.
[CNN]
No. 1
Axeldee says:
LOTS OF MONEY FOR A STUPID SITE…
http://www.spymac.com/details/?2288847
Posted: Oct 25, 2007 at 5:51 am