$240M for Less Than Two Percent of Facebook
A billion news and blog posts about the announcement that Microsoft shelled out $240 million for a 1.6% stake in Facebook Inc. If you want details, you’ll easily find it.
I scoffed in the past about the longevity of Facebook and it’s “$Billion” valuation when Yahoo was rumored to be after Facebook. Now it’s $15B. Man was I wrong.
The deal gives Facebook a massive investment for a minority stake. The investors that have money in Facebook today must be writhing their hands on getting this baby into the public market. And if I had options as an employee….ummm.