Ben Cantrick (mackys) wrote,
Ben Cantrick
mackys

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MSFT pays $240 million for 1.6% of Facebook.


The two companies said on Wednesday that Microsoft would invest $240 million for a 1.6 percent stake in Facebook. The investment values the three-year-old Facebook, which will bring in about $150 million in revenue this year, at $15 billion.

http://www.nytimes.com/2007/10/25/technology/24cnd-facebook.html?ex=1350964800&en=09f9b04f1e13a145&ei=5124&partner=permalink&exprod=permalink


Well, there's the "WTF were they thinking??" .com boom 2.0 insane valuation investment that I've been waiting for. That makes it official. Welcome to boom 2.0.
Tags: slashdot
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