FaceBook Touches Microsoft For $240 Million
Posted by Simon Perry on 25 October 2007 at 3:24 pm | Tagged as: Uncategorized
Microsoft have bought a teeny tiny piece of Facebook for $240 million, in return for they get 1.6 per cent of Facebook and the privilege of “expanding their advertising partnership.”
At those rates, Facebook is valued at $15 billion, not too shabby for a company founded in 2004, but reflecting their huge growth with around 200,000 new users registering daily.
The deal has been discussed by everyone, so it’s not really a surprise.
During Google’s Analyst Meeting yesterday, there were questions about if Google were planning to invest some money in Facebook. With this deal with Microsoft, it’s probably right to assume that Google will be shut out.
On this day, years gone by ...
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- Apple: All MacBook Pro's Now Intel Core 2 Duo - 2006
- Mobile Phone Sales Set To Hit One Billion For 2006 - 2006
- Samsung SCH V700, The World's First PMP Phone - 2005
- EX-600: Casio Wafer Thin Digital Camera Announced - 2005
- FUD Encouraged By Macrovision Report - 2005
- The Connected Home 05 - 2005
- SD430: Canon PowerShot Adds Wi-Fi - 2005
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2 Responses to “FaceBook Touches Microsoft For $240 Million”
[…] Digital Lifestyles - With this deal with Microsoft, it’s probably right to assume that Google will be shut out. On this day, years gone by BT’s Digital Vault Opens - 2006 T-Mobile HotSpot Phone Merges WiFi/Cellular Services - 2006 Apple: All MacBook Pro’s Now Intel Core Read more.. […]
[…] OpenSocial Now? Some people feel that Google is in a strop because they didn’t get the bit of Facebook that Microsoft did, while MySpace is clearly threatened by Facebook, and the near wholesale movement of people from […]