October 25, 2007

Microsoft invests $240 million in Facebook

Microsoft invests $240 million in Facebook at a $15 billion dollar valuation, giving them 1.6 % of the company. In addition Microsoft secured the right to sell advertising in non-US market on behalf of Facebook. I'm going to write more about this if time permits, but one way to think of the investment is as a advance against advertising to be sold with an option on equity appreciation.

No comments: