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Microsoft to Pay $240 Million for Stake in Facebook

Posted by ryuzaki0 on from the facebook-laughing-all-the-way-to-the-bank dept.

Nrbelex writes to mention The New York Times is reporting that Microsoft has beat out Google and Yahoo for a 1.6% stake in Facebook. The investment will cost Microsoft $240 million valuing the total site at somewhere around $15 billion. "The astronomical valuation for Facebook is primarily evidence that Microsoft executives believed they could not afford to lose out on the Facebook deal. Google appears to be building a dominant position in the race to serve advertisements online. Fearing it might lose control over the next generation of computer users, Microsoft has been attempting to match and in some cases block Google's plans, even if that effort is costly."

4 of 277 comments (clear)

  1. Well, it's better than... by Facetious · · Score: 5, Funny

    ... a stake in the face, I suppose.

    --
    Let us not become the evil that we deplore.
  2. Re:to translate by ackthpt · · Score: 5, Funny

    Fearing it might lose control over the next generation of computer users, Microsoft has been attempting to match and in some cases block Google's plans, even if that effort is costly. In other words, they didn't spend $240 million for 1.6% because Facebook is worth $15 billion. They paid $240 million because they're in the middle of a pissing match with Google.

    Actually I blame it on bad Bistromathics, someone took one too many toothpicks from the bowl by the register and there's an extra mustard stain on the tablecloth.

    --

    A feeling of having made the same mistake before: Deja Foobar
  3. Is the interface really any good? by Anonymous Coward · · Score: 5, Funny

    The past couple of days, I've been listening to my co-worker talk about hitting the wrong button and 'hugging' a large group of people. Not only is he freaking out that only the men have returned his 'hug', he is trying to figure out how tell these people that he did not mean it without alienating them.

    Who needs soap operas?

  4. Re:to translate by SamP2 · · Score: 5, Funny

    Are they competing for distance or accuracy?
    Volume.