Friday, December 10, 2010

Microsoft offered $15 billion for Facebook in 2007

VirtualWorld.ca

Interesting news today where Microsoft revealed it had made an offer in 2007 to buy Facebook for $15 billion.  Hard to believe the Facebook people were able to turn this down, that is set-for-life and beyond kind of money.  MZ must really enjoying building the Facebook business.  Microsoft was able to buy a small stake in FB though, for a $240 million investment.  Facebook search is also powered by Microsoft's BING.

If Microsoft had been able to close the deal back then, and Facebook was still the way it was today, it would be viewed as a great deal by Microsoft.  Facebook is still growing and changing, so we haven't seen the end of the Facebook story yet.  Rumours are they may try to do an IPO at one point, because no one seems to be able to buy them outright.  Who wouldn't want to own a piece of Facebook anyway?

Click here to read full article

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