WSJ: Microsoft Bets Big on Facebook
The Wall Street Journal reports that Microsoft Corp.’s $240 million investment in Facebook Inc. — a three-year-old company with more promise than profit — “represents a huge bet that the online advertising boom will continue and the popular social networking site will be among the biggest beneficiaries.”
The thing that has analysts in a tizzy is the sheer valuation of the deal. That $240 million is only buying Microsoft a 1.6% stake in the company, meaning that the deal ends up valuing all of Facebook at a staggering $15 billion.
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