Sphinn - Microsoft Inks Deal with Facebook

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Sphinn It!

Went Hot: October 25, 2007 - 8:48 am
Posted By: DavidWallace 620 days ago
Topic Type: News Story (Jump to http://online.wsj.com)
Category: Social Media

Microsoft wins Facebook's hand. Microsoft agreed to invest $240 million for a minority stake in Facebook Inc. that values the social-networking site at $15 billion, beating Google in a closely watched contest. As part of the deal, the two companies expanded their existing advertising agreement. Microsoft, which previously handled Facebook's U.S. ad sales, will now also sell the site's international advertising.

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from fthead9 619 days ago #

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Wow, MSN finally won a contest with Google and all it took was ponying up for a valuation of $15 billion. Looks like I can throw out all my old finance books regarding company valuation as a percentage of future earnings ;)