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10.25.07 10:52 AM

Uh oh Google; Microsoft Dips Into Facebook - Value Now $15b

I'm really surprised. Well partially anyway. We're not used to Microsoft winning the bids for Web 2.0 startups. That's Google, eBay, and in some cases Yahoo's turf. But somehow Microsoft is the leader -- and respected by the Facebook folks.

From the AP this morning:

"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. The $240 million price Microsoft paid for a 1.6 percent stake in Facebook demonstrates just how badly the world's largest software maker wanted to deepen its relationship with a startup that doesn't even have $200 million in annual revenue."

posted by lynne | link to this |