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Microsoft: Still No Facebook Insider
by Felix Salmon
and Yves Smith
Oct 25, 2007
Oct 25, 2007
What is Microsoft meant to do with its 1.6% stake in Facebook? While it's easy to get excited about the implied $15 billion valuation for the the social-networking company and start talking about Mark Zuckerberg's multi-billionaire status, the fact is that $240 million is not an enormous amount of money for a company the size of Microsoft, and the investment probably makes more sense on a strategic level – giving Redmond control of Facebook's banner advertising for the foreseeable future – than it does on a valuation level. After all, it's more or less unthinkable that Microsoft would ever want to sell this 1.6% stake.
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