Microsoft Deal Values Facebook at $15B
October 24, 2007 By MICHAEL LIEDTKE, AP Business Writer
Facebook.com's mastermind Mark Zuckerberg smiles at his office in Palo Alto, Calif. 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 Mark Zuckerberg started the online social networking site in his Harvard University dorm room. (AP Photo/Paul Sakuma)
(AP) -- It's hard to determine what's more surprising about Microsoft Corp.'s investment in Facebook Inc. - the appraisal that valued a 3 1/2-year-old Internet hangout at $15 billion or the rare snub of online search leader Google Inc.
Content from The Associated Press expires 15 days after original publication date. For more information about The Associated Press, please visit www.ap.org .
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