Microsoft buys 1.6% stake of Facebook Inc. - Instablogs
Microsoft buys 1.6% stake of Facebook Inc.
Shashi , patna: Oct 26 2007

Facebook.com’s mastermind, Mark Zuckerberg smiles at his office in Palo Alto, California in this Feb. 5, 2007 file photo. Rapidly rising Internet star Facebook Inc. has sold a 1.6 percent stake to Microsoft Corp. for $240 million, spurning a competing offer from online search leader Google Inc. The deal announced on Wednesday, Oct. 24, 2007 after several weeks of negotiation values Palo Alto-based Facebook at $15 billion _ less than four years after Zuckerberg started the online social networking site in his Harvard University dorm room.

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