$240 million gets 1.6% stake
Microsoft has beaten off competition from Google and invested in Facebook with a small stake of 1.6% which values Facebook at about $15 billion. This follows Facebook founder Mark Zuckerberg’s decision last year to turn down an offer of $1 billion from Yahoo! Smart stuff!
Microsoft will run ads across Facebook and may add their Live Search feature as well, although this is not confirmed yet.
Facebook say the investment will not affect the Facebook platform and third-party developers, which is cool!
Facebook currently has about 50 million users worldwide but is looking to expand with figures of 200 to 300 million mentioned. Facebook currently turns over between $100 and $150 million and is aiming to increase their employee numbers from 300 to 700 in the coming year.
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That’s a lot of money for such a small piece of the action.